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Owens Corning: 2Q Earnings Snapshot

July 24, 2019

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.


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

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