USG: 3Q Earnings Snapshot
CHICAGO (AP) _ USG Corp. (USG) on Thursday reported third-quarter net income of $59 million.
The Chicago-based company said it had profit of 41 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 45 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.
The building products company posted revenue of $851 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $850 million.
USG shares have increased 9 percent since the beginning of the year. The stock has risen 26 percent in the last 12 months.