Ferguson Enterprises Inc. Q2 Profit Decreases, Misses Estimates

(RTTNews) - Ferguson Enterprises Inc. (FERG) revealed a profit for second quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $276 million, or $1.38 per share. This compares with $322 million, or $1.58 per share, last year.

Excluding items, Ferguson Enterprises Inc. reported adjusted earnings of $304 million or $1.52 per share for the period.

Analysts on average had expected the company to earn $1.6 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 3.0% to $6.872 billion from $6.673 billion last year.

Ferguson Enterprises Inc. earnings at a glance (GAAP) :

-Earnings: $276 Mln. vs. $322 Mln. last year. -EPS: $1.38 vs. $1.58 last year. -Revenue: $6.872 Bln vs. $6.673 Bln last year.