Movement Alert｜Builders FirstSource Intraday Rise 5.2% in Regular Trading, Q3 Beat and Sales Outlook Narrowed Above Consensus

Market Focus10-29

On October 29, Builders FirstSource rose 5.2% in Regular Trading, trading at $60.96, with turnover of $25.91 million.

The move coincided with stronger-than-expected third-quarter results and updated sales guidance that narrowed the forecast range while keeping the midpoint above market expectations.

Builders FirstSource reported adjusted EPS of $1.51, above the $1.04 consensus estimate, while revenue of $3.854 billion also exceeded the $3.770 billion estimate. The company separately said it expects net sales of $14.20 billion to $14.60 billion, compared with a $14.25 billion consensus view. Earlier analyst commentary had turned more cautious after a recent downgrade, making the earnings beat and guidance update the most immediate catalyst for the share rise.

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