Installed Building Products (IBP) Beats Q2 Earnings Estimates

Installed Building Products (IBP) came out with quarterly earnings of $3.02 per share, beating the Zacks Consensus Estimate of$ 2.89 per share. This compares to earnings of $2.62 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.50%. A quarter ago, it was expected that this residential insulation installer would post earnings of$ 2.23 per share when it actually produced earnings of $2.47, delivering a surprise of 10.76%. Over ...