Cornerstone Building Brands Reports Second Quarter 2019 Results
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China Metro-Rural Holdings Limited (CNR) Misses Q2 EPS by 2c, Revenues Miss
August 7, 2019 7:03 AM EDTChina Metro-Rural Holdings Limited (NYSE: CNR) reported Q2 EPS of $0.26, $0.02 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.37 billion.
Financial and Operational Highlights for the Second Quarter:
Net sales of $1,295.5 millionGross profit of $304.7 million, or 23.5% of net salesNet income of $17.5 million and adjusted net income of $32.1 millionAdjusted EBITDA of $172.3 million, or 13.3% of net salesStrategic Highlights for the Second Quarter:
Realized 20 basis point expansion in gross profit margin... More