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TopBuild beats 3Q profit forecasts

DAYTONA BEACH, Fla. (AP) _ TopBuild Corp. (BLD) on Tuesday reported third-quarter earnings of $31.4 million.

The Daytona Beach, Florida-based company said it had net income of 88 cents per share. Earnings, adjusted for non-recurring gains, were 83 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.

The insulation products company posted revenue of $489 million in the period.

TopBuild shares have risen 81 percent since the beginning of the year. The stock has more than doubled in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLD at https://www.zacks.com/ap/BLD