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BMC tops 3Q profit forecasts

ATLANTA (AP) _ BMC Stock Holdings Inc. (BMCH) on Monday reported third-quarter net income of $18.4 million.

The Atlanta-based company said it had profit of 27 cents per share. Earnings, adjusted for one-time gains and costs, came to 34 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The building materials company posted revenue of $881 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $889.5 million.

BMC shares have increased roughly 8 percent since the beginning of the year. The stock has increased 33 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 BMCH at https://www.zacks.com/ap/BMCH