Gibraltar Industries Inc (ROCK) Releases Earnings Results, Beats Expectations By $0.07 EPS

Gibraltar Industries Inc (ROCK) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.39. The company posted revenue of $263.10 million in the period, compared to analysts expectations of $271.37 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Gibraltar Industries Inc. Company shares were Reiterated by Wedbush on May 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 33 from a previous price target of $30 .

Gibraltar Industries Inc closed down -1.4 points or -3.92% at $34.29 with 5,19,910 shares getting traded on Thursday. Post opening the session at $35.35, the shares hit an intraday low of $32.68 and an intraday high of $35.35 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Gibraltar Industries Inc. is a manufacturer and distributor of products that provide structural and architectural enhancements for residential homes retail other commercial and professional buildings industrial plants bridges and a range of other structures. The Company operates through two segments: Residential Products and Industrial and Infrastructure Products. Residential Products primarily includes roof and foundation ventilation products mail and package storage products rain dispersion products and roofing accessories. The Industrial and Infrastructure Products primarily includes fabricated bar grating expanded and perforated metal expansion joints and structural bearings. The Company serves customers in North America Europe Asia Africa Australia and Central and South America. As of December 31 2014 the Company operated 35 facilities in the United States five in Canada and two in Europe of which 27 were leased and 15 were owned.

Gibraltar Industries Inc

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