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Texas Industries (TXI -2.2%) slips today after its FQ2 missed its bottom line target due to...

Texas Industries (TXI -2.2%) slips today after its FQ2 missed its bottom line target due to charges, but managed to beat on its top line. Total sales grew by 14% Y/Y, and net losses narrowed as cement sales continue to strengthen. Sales at the cement segment, its biggest by revenue, rose 20% as the division swung to an operating profit, but total sales at the consumer products business slipped 9%. Gross margin also widened to 7% from 1%.
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