Why Is Builders FirstSource (BLDR) Down 8.3% Since Last Earnings Report?

A month has gone by since the last earnings report for Builders FirstSource (BLDR) . Shares have lost about 8.3% in that time frame, underperforming the S&P 500. Builders FirstSource reported better-than-expected results in first-quarter 2024. Both earnings and net sales surpassed the Zacks Consensus Estimate. The company reported adjusted earnings per share (EPS) of $2.65, which beat the consensus mark of$2.42 by 9.5%. The reported figure declined 10.5% from the year-ago EPS figure of $2.96, due to lower ...