raised its earnings guidance for the first quarter of fiscal 2007 and the full-year 2007, due to volume growth and strong pricing in its wallboard and cement operations.
The cement and recycled paperboard producer raised its first-quarter 2007 guidance to $1.10 to $1.20 a share, which is about 10% higher from its previously announced first-quarter guidance of $1.00 to $1.10 a share. It reports first-quarter results after the market close July 24.
The Dallas-based company has also increased its annual guidance for fiscal 2007 from $3.67 to $4.00 a share to $4.40 to $4.70 a share.
Analysts surveyed by Thomson First Call are expecting first-quarter 2007 earnings of $1.10 a share and full-year 2007 earnings of $4.55 a share.
Shares were recently trading up $1.34, or 3.1%, to $44.50.
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