Owens Corning: 2Q Earnings Snapshot
TOLEDO, Ohio (AP) _ Owens Corning (OC) on Wednesday reported second-quarter profit of $138 million.
The Toledo, Ohio-based company said it had net income of $1.26 per share. Earnings, adjusted for non-recurring costs, were $1.31 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The construction materials company posted revenue of $1.92 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $1.83 billion.
Owens Corning shares have risen 26% since the beginning of the year. The stock has decreased 16% in the last 12 months.