Headwaters Inc. Reports 23% Decline In Q3 Profit

(RTTNews) - Headwaters Inc. (HW) reported earnings for third quarter that dropped from last year.

The company said its profit fell to $17.52 million, or $0.23 per share. This was lower than $22.82 million, or $0.30 per share, in last year's third quarter.

Analysts had expected the company to earn $0.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.9% to $262.47 million. This was up from $243.29 million last year.

Headwaters Inc. earnings at a glance:

-Earnings (Q3): $17.52 Mln. vs. $22.82 Mln. last year. -Earnings Decline (Y-o-Y): -23.2% -EPS (Q3): $0.23 vs. $0.30 last year. -EPS Decline (Y-o-Y): -23.3% -Analysts Estimate: $0.38 -Revenue (Q3): $262.47 Mln vs. $243.29 Mln last year. -Revenue Change (Y-o-Y): 7.9%