James Hardie Industries (NYSE: JHX) is feeling the pressure from a difficult housing cycle. Shares of the building materials manufacturer traded down 15% as of 1 p.m. ET Tuesday following the release of the company's latest quarterly report.

James Hardie is an Australian manufacturer of construction materials best known for its Hardie Board fiber-cement house siding. The company earned $0.40 in the quarter on revenue of $1 billion, or about $10 million less than the analyst consensus estimate.

For its full fiscal year ending March 31, James Hardie saw sales grow by 4%.

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Source Fool.com