Eagle Materials Up 7.3% In Early Trading
After Raising Earnings Outlook
06/27/2006
Eagle Materials Inc. (ticker: EXP) today
announced that it is raising
its earnings guidance for the year by 20% per diluted
share and by 10% for the quarter. The earnings increase is
primarily attributable to volume growth and strong pricing
in its wallboard and cement operations.
In early trading today, the company's stock
is up 7.3%. Eagle Materials was added to our Primary
Stock Portfolio in February of last year and is up over
76.7% in sixteen months.
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