Beacon Roofing Supply Inc. Q3 adjusted earnings Miss Estimates

(RTTNews) - Beacon Roofing Supply Inc. (BECN) revealed a profit for third quarter that dropped from the same period last year.

The company's bottom line totaled $24.99 million, or $0.32 per share. This compares with $43.37 million, or $0.55 per share, in last year's third quarter.

Excluding items, Beacon Roofing Supply Inc. reported adjusted earnings of $72.57 million or $0.92 per share for the period.

Analysts had expected the company to earn $1.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.5% to $1.92 billion from $1.93 billion last year.

Beacon Roofing Supply Inc. earnings at a glance:

-Earnings (Q3): $72.57 Mln. vs. $93.40 Mln. last year. -EPS (Q3): $0.92 vs. $1.18 last year. -Analysts Estimate: $1.25 -Revenue (Q3): $1.92 Bln vs. $1.93 Bln last year.