Texas Industries posts narrower-than-expected 4Q loss
Cement maker Texas Industries Inc posted a narrower-than-expected quarterly loss, helped by higher shipments of cement and consumer products.
For the fourth quarter, the company posted a loss of $9.8 million, or 35 cents a share, compared with a loss of $42.4 million, or $1.53 a share, a year ago.
Excluding items, the loss was 25 cents a share, according to Thomson Reuters I/B/E/S.
Sales fell 6 percent to $49.3 million.
Analysts on average had expected a loss of 33 cents a share, before special items, on revenue of $150.4 million.
The company said shipments were up four per cent and six per cent at its cement and consumer products segments. Published under Cement News
