Boise Cascade gains on better-than-expected profit in second quarter

Boise Cascade

03/08/2021 11:20

** Shares of building materials distributor  BCC.N  up 4.6%
at $51.50 premarket
    ** After market hours on Monday, co reported Q2 profit of
$7.62/shr, above Refinitiv IBES est. of $4.83/shr  urn:newsml:reuters.com:*:nBw3nXhFma
    ** Co says benefited from robust construction activity in
Q2, which drove prices of wood higher
    ** Consensus rating on stock is "hold", with median PT of
$60 - Refinitiv IBES data
    ** Stock up 6.6% YTD, as of last close

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))