NCI Building Systems tops 1Q profit expectations, misses revenue forecasts

MarketsAssociated Press

NCI Building Systems Inc. (NCS) on Tuesday reported a loss of $320,000 in its fiscal first quarter.

The Houston-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for non-recurring costs and restructuring costs, came to 3 cents per share.

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The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The maker of products used in commercial buildings posted revenue of $322.9 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $336.9 million.

NCI Building shares have fallen 15 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.81, a drop of 7.5 percent in the last 12 months.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NCS at http://www.zacks.com/ap/NCS

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Keywords: NCI Building Systems, Earnings Report