Beacon Roofing: Fiscal Q2 Earnings Snapshot

HERNDON, Va. (AP) _ Beacon Roofing Supply Inc. (BECN) on Thursday reported a loss of $6.3 million in its fiscal second quarter.

The Herndon, Virginia-based company said it had a loss of 18 cents per share. Earnings, adjusted for one-time gains and costs, came to 23 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The roofing materials distributor posted revenue of $1.32 billion in the period, which met Street forecasts.

Beacon Roofing shares have climbed 47% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $59.01, more than doubling 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 BECN at https://www.zacks.com/ap/BECN

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