NEW YORK (TheStreet) -- Installed Building Products(IBP) - Get Report shares are up 2.4% to $13.29 on Tuesday following the release of the company's first quarter earnings results.

The residential insulation installer reported a year over year quarterly net revenue increase of 15.2% to $105.9 million, beating analysts estimates of $100.4 million.

The company reported net income from continuing operations of $0.4 million, or 2 cents per diluted share. Analysts were expecting a net loss of -1 cent per diluted share.

Must Read: Warren Buffett's 10 Favorite Growth Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Image placeholder title

IBP data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.