Morgan Keegan Reports TXI 3Q11 Results

Morgan Keegan has reported on Texas Industries' (NYSE: TXI) third quarter earnings.

Morgan Keegan writes, "TXI reported an adjusted loss of ($0.75) on revenue of $125.8 million for fiscal 3Q11 ending February. We were expecting a loss of ($0.76) on revenue of $131.9 million and the street was expecting a loss of ($0.77) on revenue of $124 million."

TXI has a Market Perform Rating and a $44.00 Price Target.

TXI closed at $43.45 yesterday.