According to Jefferies, Texas Industries TXI saw disappointing Q4 earnings.
Jefferies said that Q4-2011 (March 2011-May 2011) underlying loss of $0.57 per share was $0.31 worse than its estimate and $0.30 worse than the Thompson Reuters consensus estimate. “The miss relative to our forecast was mainly caused by volumes 1-6% below our forecasts and higher than expected costs.”
Texas Industries closed yesterday at $40.46.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in