Installed Building Products (IBP) Misses Q1 Earnings Estimates

Installed Building Products (IBP) came out with quarterly earnings of $2.08 per share, missing the Zacks Consensus Estimate of $2.18 per share. This compares to earnings of $2.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.59%. A quarter ago, it was expected that this residential insulation installer would post earnings of $2.91 per share when it actually produced earnings of $2.90, delivering a surprise of -0.34%.Over ...