Builders FirstSource's (BLDR) Stock Dips Despite Q1 Earnings Beat

Builders FirstSource, Inc. (BLDR) reported better-than-expected results in first-quarter 2024. Both earnings and net sales surpassed the Zacks Consensus Estimate.However, earnings declined year over year and net sales rose slightly from the prior year. A weakening Multi-Family market and higher mortgage rates driving affordability challenges were major headwinds.Shares of this manufacturer and supplier of building materials dipped 12.9% in the pre-market trading session on May 7.On an impressive note, BLDR ...