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What: Shares of Texas Industries
So what: Total sales were flat at $174.6 million, and the company recorded a profit of $60.2 million, or $2.15 per share. When adjusted for a one-time gain, the company just barely broke even, but this was still much better than the $0.34 loss analysts expected.
Now what: After falling short of estimates in the past four quarters, this is a great surprise for investors. The company has turned to a profit well ahead of expectations, but analysts are still expecting a loss next quarter and for the next fiscal year. This is typically the company's best quarter, and I'm not excited about buying a stock posting continued losses. I'm going to leave this pop alone today and may even find it a great time to cash out if I owned shares.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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