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Gibraltar Industries Inc. Q1 adjusted earnings Miss Estimates

Gibraltar Industries Inc. (ROCK) announced earnings for its first quarter that advanced from last year.

The company's profit totaled $8.35 million, or $0.26 per share. This compares with $4.00 million, or $0.12 per share, in last year's first quarter.

Excluding items, Gibraltar Industries Inc. reported adjusted earnings of $8.31 million or $0.26 per share for the period.

Analysts had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.2% to $215.34 million from $206.61 million last year.

Gibraltar Industries Inc. earnings at a glance:

-Earnings (Q1): $8.31 Mln. vs. $6.53 Mln. last year.
-EPS (Q1): $0.26 vs. $0.20 last year.
-Analysts Estimate: $0.27
-Revenue (Q1): $215.34 Mln vs. $206.61 Mln last year.

-Guidance:
Full year EPS guidance: $1.96 - $2.08

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First quarter growth data from China gained the maximum focus this week as trends in the massive emerging economy impact its trading partners. Elsewhere, the IMF released its latest global macroeconomic projections. Read our story to find out why comments from the Fed Chair Powell damped rate cut expectations. Meanwhile, there was some survey data that kindled hopes of a recovery in manufacturing. In the U.K., inflation data for March revealed some confusing trends.

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