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U.S. Concrete reports 2Q loss

EULESS, Texas (AP) _ U.S. Concrete Inc. (USCR) on Tuesday reported a loss of $2.3 million in its second quarter. On a per-share basis, the Euless, Texas-based company said it had a loss of 15 cents. Earnings, adjusted for one-time gains and costs, were 95 cents per share. The results exceeded...

EULESS, Texas (AP) _ U.S. Concrete Inc. (USCR) on Tuesday reported a loss of $2.3 million in its second quarter.

On a per-share basis, the Euless, Texas-based company said it had a loss of 15 cents. Earnings, adjusted for one-time gains and costs, were 95 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The concrete and aggregates producer posted revenue of $340.9 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $338.5 million.

U.S. Concrete shares have risen 19 percent since the beginning of the year. The stock has climbed 39 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on USCR at https://www.zacks.com/ap/USCR

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Keywords: U.S. Concrete, Earnings Report

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