Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
WINCHESTER, Va. (AP) _ Trex Co. (TREX) on Monday reported third-quarter earnings of $73.4 million.
The Winchester, Virginia-based company said it had net income of 64 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The maker of fencing and decking products posted revenue of $335.9 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $327.1 million.
Insight by ProPricer: During this exclusive webinar Emily Murphy, partner, CEO of Coaching International and former GSA administrator, and Angela Styles, partner with Akin, Gump, Strauss, Hauer & Feld and former OFPP administrator will discuss what the updates to the mentor-protégé program mean for small and large businesses. In addition, Dr. Sue Coates, adjunct professor of organizational studies at the Anderson School of Management, University of New Mexico will provide an industry perspective.
For the current quarter ending in December, Trex said it expects revenue in the range of $295 million to $305 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TREX at https://www.zacks.com/ap/TREX
© 2021 . All rights reserved. This website is not intended for users located within the European Economic Area.