Texas Industries Inc will be reporting on July 11 after the market is closed. Texas Industries Inc main activity is the production of construction materials, primarily cement, aggregates, and concrete. Its main market are Texas and California.
Texas Industries has increased production capacity to 6 million tons annually from 2 million tons per year in 1997. Their are expecting to increase cement production to almost 8 million tons over the next several years.
The construction industry in USA has been severely affected for the financial crisis. The company is expected to report a loss of around – 0.34 %. Nevertheless the company share prices has soared in the last month increasing from $32 to $42.
The share price chart is near to overbought but there is still room to move further up. Which could only occur if the company surprises the market with better than expected result.
A good result will definitively be welcome. Trader that don”t own Texas Industries could look to other stock that will react to Texas Industries earning release.