Jefferies Reports Disappointing Earnings For Texas Industries
According to Jefferies, Texas Industries (NYSE: TXI) saw disappointing Q4 earnings.
Jefferies said that Q4-2011 (March 2011-May 2011) underlying loss of $0.57 per share was $0.31 worse than its estimate and $0.30 worse than the Thompson Reuters consensus estimate. “The miss relative to our forecast was mainly caused by volumes 1-6% below our forecasts and higher than expected costs.”
Texas Industries closed yesterday at $40.46.
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