Core & Main, Inc. Q1 Income Declines, Misses Estimates

(RTTNews) - Core & Main, Inc. (CNM) released a profit for first quarter that decreased from last year and missed the Street estimates.

The company's earnings came in at $101 million, or $0.49 per share. This compares with $133 million, or $0.50 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.8% to $1.74 billion from $1.57 billion last year.

Core & Main, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $101 Mln. vs. $133 Mln. last year. -EPS (Q1): $0.49 vs. $0.50 last year. -Revenue (Q1): $1.74 Bln vs. $1.57 Bln last year.

-Guidance: Full year revenue guidance: $7.5bln - $7.6bln