NEW YORK (TheStreet) -- Shares of Summit Materials (SUM) - Get Report are rising by 2.05% to $22.41 on Wednesday morning, after the company reported better-than-expected results for the 2016 first quarter.
Before the market open, the Denver-based construction materials company posted an adjusted loss of 42 cents per share, narrower than the loss of 48 cents analysts had projected.
Revenue came in at $228.4 million, above Wall Street's expectations of $217.8 million.
"We had a strong start to 2016 with price moving higher in all lines of business. We are especially pleased with our aggregates pricing momentum up 9.4% organically throughout key markets," CEO Tom Hill said in a statement.
"In cement we more than doubled our volume for the second straight quarter with the continued integration of our Davenport cement plant progressing according to plan," he added.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, generally high debt management risk and poor profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SUM