AP NEWS

BMC: 3Q Earnings Snapshot

November 5, 2019 GMT

RALEIGH, N.C. (AP) _ BMC Stock Holdings Inc. (BMCH) on Tuesday reported third-quarter net income of $33.6 million.

The Raleigh, North Carolina-based company said it had net income of 50 cents per share. Earnings, adjusted for one-time gains and costs, were 58 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The building materials company posted revenue of $964.2 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $949.4 million.

BMC shares have risen 82% since the beginning of the year. The stock has risen 61% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMCH at https://www.zacks.com/ap/BMCH