Beacon Roofing posts wider Q2 loss, revenues slump below the Street
Provider of roofing materials Beacon Roofing Supply, Inc. (Nasdaq: BECN) this morning posted a wider-than-expected loss in its fiscal second quarter and reported revenues that fell below the Street’s view.
The small cap attributed its lackluster results to a continued decline in residential construction activities in most markets and lower levels of residential remodeling and reroofing in some markets.
Shares slid 4%, or $0.45, to $10.45 ahead of the opening bell. For detailed price information and recent news stories about Beacon Roofing, click BECN.
