Beacon Roofing posts wider Q2 loss, revenues slump below the Street

Provider of roofing materials Beacon Roofing Supply, Inc. (Nasdaq: BECN) this morning posted a wider-than-expected loss in its fiscal second quarter and reported revenues that fell below the Street’s view.

The small cap attributed its lackluster results to a continued decline in residential construction activities in most markets and lower levels of residential remodeling and reroofing in some markets.

Shares slid 4%, or $0.45, to $10.45 ahead of the opening bell. For detailed price information and recent news stories about Beacon Roofing, click BECN.

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