Latest News by Industry
TOLEDO, Ohio (AP) — TOLEDO, Ohio (AP) — Owens Corning (OC) on Wednesday reported third-quarter earnings of $321 million.
The Toledo, Ohio-based company said it had profit of $3.65 per share. Earnings, adjusted for non-recurring costs, were $4.38 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.01 per share.
The construction materials company posted revenue of $3.05 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $3.04 billion.
_____
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