NCI Building Systems 3Q profit recovered (Q-o-Q), Shares climb
September 10, 2009 10:52 AM
NCI Building Systems, Inc. (NYSE: NCS) , a building components maker, announced that its third-quarter profit stood at about $4 million, a huge improvement over the $120.2 million loss reported in this year's second quarter.NCI Building Systems, Inc. (NYSE: NCS) , a building components maker, announced that its third-quarter profit stood at about $4 million, a huge improvement over the $120.2 million loss reported in this year's second quarter. It earned 20 cents per share during the quarter that ended August 02, after earning $31.9 million, or $1.63 per share, during the quarter that ended July 27, 2008, higher than three analysts surveyed by Thomson Reuters were expecting a profit of 11 cents per share, although the estimates included one prediction of a profit of 29 cents per share and another who expected a loss of 9 cents per share. Revenue was halved to $238.4 million, from $477.6 million a year ago.
Today, the share reacted to its improved results and surged 22.37% to $3.61 on huge volume of 3.29 million shares. The stock is still trading well below its 52- week high of $40.42. Currently the stock price at $3.61, is well above its 50-day and 200-day EMA.
