01:25 PM EDT, 06/20/2024 (MT Newswires) -- (Updates to add stock move in the headline and the first paragraph.)

GMS (GMS) shares fell more than 7% in recent trading after the building products distributor reported fiscal Q4 adjusted earnings Thursday of $1.93 per diluted share, down from $2.11 a year earlier.

Analysts polled by Capital IQ expected adjusted EPS of $2.06.

Net sales for the quarter ended April 30 were $1.41 billion, up from $1.30 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.40 billion.

Price: 83.17, Change: -6.72, Percent Change: -7.48