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Why Trex Stock Fell Today

TheMotleyFool

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Shares of Trex (NYSE: TREX) have fallen today, down by 6% as of 12:35 p.m. EDT, after the company reported second-quarter earnings. It also announced a 2-for-1 stock split.

Revenue in the second quarter was $221 million, ahead of the $201 million in sales that analysts were expecting. That translated into net income of $47 million, or $0.81 per share, also topping the consensus estimate of $0.65 per share in profit.

Image source: Getty Images.

Source Fool.com

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