Builders FirstSource (BLDR) Reports a Q1 Loss; CEO Comments on Outlook for Housing Market
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Builders FirstSource, Inc. (Nasdaq: BLDR) reports a Q1 loss of $0.46 (ex-items) vs. consensus for a $0.54 per share loss. BLDR reported a Q1 loss of $0.85 per share from continuing operations.
Revenue for the quarter was $163.8 million, versus the consensus of $186.79 million.
"The company cannot predict the duration of the current market conditions or the strength of future recovery in the housing market. However, we expect the difficult conditions to continue throughout 2009. Additionally, increased competitive pressure arising from the current operating conditions could continue to have a negative impact on our operating results."
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