Boral Lowers Full-Year Profit Forecast

Australia's Boral Ltd BOALY cut its full-year profit estimates. Boral's net profit for the fiscal third quarter came in at A$22 million, down from the company's view. The company now expects profit before one-time items in a range of A$128 million to A$153 million. The company in February expected profit before one-time items in a range of A$150 million to A$175 million.