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Eagle Materials (NYSE:EXP) fell on Thursday after the maker of construction materials reported quarterly earnings and revenue that missed estimates. Its stock declined 3.3% to $139.92 a share by 3:11 p.m. ET.
The company said its profit rose 14% from a year earlier to $117.2 million, or $3.20 a share, from $102.5 million, or $2.53 a share in its fiscal Q3 ending in December.
Wall Street analysts on average estimated the company would report EPS of $3.23.
Eagle’s (EXP) revenue rose 10% from a year earlier to $511.5 million, compared with the consensus estimate of about $533 million.
“Construction activity remained healthy across our markets, despite delayed projects in the Midwest and Texas due to wet and extreme cold weather, which affected cement production and shipments,” Michael Haack, president and CEO of Eagle (EXP), said in a statement.
