Owens Corning: 3Q Earnings Snapshot
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.