Universal Forest Products Q2 Income Advances

(RTTNews) - Universal Forest Products (UFPI) released a profit for its second quarter that increased from last year.

The company's profit totaled $45.13 million, or $0.71 per share. This compares with $34.57 million, or $0.55 per share, in last year's second quarter.

Analysts had expected the company to earn $0.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.6% to $1.29 billion from $1.07 billion last year.

Universal Forest Products earnings at a glance:

-Earnings (Q2): $45.13 Mln. vs. $34.57 Mln. last year. -EPS (Q2): $0.71 vs. $0.55 last year. -Analysts Estimate: $0.73 -Revenue (Q2): $1.29 Bln vs. $1.07 Bln last year.