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PGT shares down on disappointing earnings

Shares dipped 8.3 percent following a disappointing earnings announcement.

PGT Inc. (NASDAQ:PGTI) shares were down 8.3 percent following a disappointing earnings announcement. The company traded as low as 8.82 USD and last traded at 9.28 USD, with a volume of 847,509 shares traded. The stock had previously closed at 10.12 USD.
The company reported 0.12 USD earnings per share (EPS) for the quarter, missing the consensus estimate of 0.13 USD. The company had revenue of 77.32 million USD for the quarter, compared to the consensus estimate of 76.10 million USD. During the same quarter in the previous year, the company posted 0.13 USD earnings per share. The company’s revenue for the quarter was up 19.2 percent on a year-over-year basis.
PGT Inc. is a manufacturer and supplier of residential impact-resistant windows and doors. The company’s impact-resistant products are marketed under the WinGuard, PremierVue and PGT Architectural Systems brand names, and combine aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris by maintaining their structural integrity and preventing penetration by impacting objects.

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