USG: 4Q Earnings Snapshot
CHICAGO (AP) _ USG Corp. (USG) on Thursday reported fourth-quarter net income of $42 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Chicago-based company said it had net income of 30 cents. Earnings, adjusted for one-time gains and costs, came to 26 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The building products company posted revenue of $819 million in the period.
For the year, the company reported profit of $196 million, or $1.38 per share. Revenue was reported as $3.34 billion.
USG shares have risen 1 percent since the beginning of the year. The stock has increased 30 percent in the last 12 months.