AP NEWS

Owens Corning: 3Q Earnings Snapshot

October 23, 2019

TOLEDO, Ohio (AP) _ Owens Corning (OC) on Wednesday reported third-quarter net income of $150 million.

The Toledo, Ohio-based company said it had net income of $1.36 per share. Earnings, adjusted for non-recurring costs, came to $1.63 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.

The construction materials company posted revenue of $1.88 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $1.84 billion.

Owens Corning shares have increased 44% since the beginning of the year. The stock has climbed 30% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OC at https://www.zacks.com/ap/OC