FX.co ★ Beacon Roofing Supply Inc. Q2 Profit Misses Estimates

Beacon Roofing Supply Inc. (BECN) reported a profit for the second quarter that fell short of Wall Street expectations.

The company posted a net income of $127.2 million, or $1.99 per share, compared to $153.8 million, or $1.97 per share, in the same quarter of the previous year.

On average, analysts had projected earnings of $2.79 per share, according to data compiled by Thomson Reuters. Typically, these estimates exclude special items.

Revenue for the quarter increased by 6.8%, reaching $2.674 billion, up from $2.503 billion a year earlier.

Key earnings figures for Beacon Roofing Supply Inc. (GAAP) for Q2:

- Net Income: $127.2 million, compared to $153.8 million last year.

- Earnings Per Share (EPS): $1.99, compared to $1.97 last year.

- Revenue: $2.674 billion, compared to $2.503 billion last year.