Beacon Beats Estimates
Beacon Roofing Supply Inc. (NASDAQ:BECN) reported adjusted EPS of 39 cents in the first quarter of fiscal 2012, way ahead of the Zacks Consensus Estimate of 29 cents, improving from the prior-year quarter of 22 cents. Reported EPS excluded a tax benefit in the reported quarter, including which the EPS stood at 41 cents compared [...]
Beacon Roofing Supply Inc. (NASDAQ:BECN) reported adjusted EPS of 39 cents in the first quarter of fiscal 2012, way ahead of the Zacks Consensus Estimate of 29 cents, improving from the prior-year quarter of 22 cents. Reported EPS excluded a tax benefit in the reported quarter, including which the EPS stood at 41 cents compared with 22 cents in the year-ago quarter.
Higher sales leading to elevated gross margins benefited the quarter. However, the positives were somewhat offset by higher operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards