Eagle Materials down after Q1 results miss

Eagle Materials

27/07/2023 17:48

** Shares of construction materials supplier Eagle Materials
 EXP.N  down 2.5% at $184.99
    ** Posts Q1 revenue of $601.5 mln, missing Wall Street
estimates of $602.7 mln - Refinitiv data
    ** Q1 revenue hurt by weakness in light materials sector
    ** Reports Q1 profit of $3.55/shr, slightly below analysts'
expectations of $3.57/shr
    ** Eight of 13 brokerages rate the stock "buy" or higher, 4
"hold", 1 "sell"; their median PT is $201.45 - Refinitiv
    ** Stock up 38.3% YTD

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))