Newz(ROCK) on Wednesday reported second-quarter profit of $8.2 million. On a per-share basis, the Buffalo, New York-based company said it had profit of 28 cents. Earnings, adjusted to account for discontinued operations and costs related to mergers and acquisitions, were $1.11 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share. The building-products company posted revenue of $509.5 million in the period, also topping Street forecasts.
Three analysts surveyed by Zacks expected $473.8 million. Gibraltar Industries expects full-year earnings in the range of $3.65 to $4.05 per share, with revenue in the range of $1.76 billion to $1.83 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Access a Zacks stock report on ROCK at https://www.zacks.com/ap/ROCK Source (VSH) on Wednesday reported second-quarter net income of $28.1 million. On a per-share basis, the Malvern, Pennsylvania-based company said it had net income of 19 cents.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share. The chipmaker posted revenue of $888.6 million in the period, falling short of Street forecasts.
Three analysts surveyed by Zacks expected $893.4 million. For the current quarter ending in September, Vishay said it expects revenue in the range of $945 million to $975 million. Access a Zacks stock report on VSH at https://www.zacks.com/ap/VSH Source
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