UFP Industries (UFPI) Q2 Earnings and Revenues Beat Estimates

This quarterly report represents an earnings surprise of 2.50%. A quarter ago, it was expected that this wood and materials provider for the construction industry would post earnings of $1.62 per share when it actually produced earnings of$1.96, delivering a surprise of 20.99%. UFP Industries shares have added about 1.2% since the beginning of the year versus the S&P 500's gain of 14.5%. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revision ...