Universal Forest Products (UFPI) drops 8.3% AH after reporting Q3 revenue of $468.9M (-2% Y/Y) and EPS of $0.29, missing consensus by $4.9M and $0.08. The company blames the shortfall on weakness in the residential construction and retail building markets, and is suspending guidance for the "foreseeable future."
Universal Forest Products, Inc. (UFPI) today announced third-quarter 2011 results, including net earnings of $5.6 million, or $0.29 per diluted share, up from net earnings of $2.6 million, or $0.13 per diluted share, for the third quarter of 2010. Net sales of $468.9 million in the third quarter of 2011 were down 2.4 percent from net sales of $480.6 million for the same period of last year
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