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Core & Main: Fiscal Q1 Earnings Snapshot

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ST. LOUIS (AP) — ST. LOUIS (AP) — Core & Main Inc. (CNM) on Tuesday reported fiscal first-quarter net income of $100 million.

On a per-share basis, the St. Louis-based company said it had net income of 52 cents.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 52 cents per share.

The distributor of water and fire protection products posted revenue of $1.91 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $1.83 billion.

Core & Main expects full-year revenue in the range of $7.6 billion to $7.8 billion.

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

Article Topic Follows: AP Missouri News

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