Trex Co. Earnings: Here’s Why Investors are Buying Shares Now
Trex Co. Inc. (NYSE:TREX) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.08%.
Trex Co. Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.13 in the quarter versus EPS of $-0.54 in the year-earlier quarter.
Revenue: Decreased 10.22% to $46.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Trex Co. Inc. reported adjusted EPS loss of $-0.13 per share. By that measure, the company beat the mean analyst estimate of $-0.18. It beat the average revenue estimate of $45.27 million.
Quoting Management:“We brought 2012 to a successful close with a solid fourth quarter,” said Chairman, President and CEO Ronald W. Kaplan. “We exceeded our revenue guidance for the period and achieved sales growth of 15% for the year.”
Key Stats (on next page)…