USG: 2Q Earnings Snapshot
CHICAGO (AP) _ USG Corp. (USG) on Wednesday reported second-quarter net income of $58 million.
On a per-share basis, the Chicago-based company said it had net income of 41 cents. Earnings, adjusted for one-time gains and costs, were 50 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The building products company posted revenue of $880 million in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $867.9 million.
USG shares have risen 12 percent since the beginning of the year. The stock has climbed 51 percent in the last 12 months.