Why James Hardie Shares Are Dropping Today

Sales growth in a subdued market James Hardie is an Australian manufacturer of construction materials best known for its Hardie Board fiber- cement house siding. The company earned $0.40 in the quarter on revenue of$1 billion, or about $10 million less than the analyst consensus estimate. For its full fiscal year ending March 31, James Hardie saw sales grow by 4%. A sluggish housing market is weighing on growth. James Hardie Industries (JHX -15.03%) is feeling the pressure from a difficult housing cycle. S ...