CRH plc Craters Pre-market on Earnings Guidance (CRH)

Shares of CRH plc CRH are trading markedly lower in the pre-market following the company’s announcement that, due to the continued weakness in the construction sector, 2010 earnings before interest, tax, depreciation and amortization would be down by around 10% from last year. CRH is currently down by 15.36%, trading at $15.26. Shares closed yesterday’s session at $18.03. CRH plc is a diversified building material company, which manufactures and distributes building material products from the fundamentals of heavy materials and elements to construct the frame, through exterior products that complete the building envelope, to distribution channels, which service construction fit-out and renewal.