Owens Corning: Q3 Earnings Snapshot

TOLEDO, Ohio (AP) — TOLEDO, Ohio (AP) — Owens Corning (OC) on Wednesday reported a loss of $494 million in its third quarter.

On a per-share basis, the Toledo, Ohio-based company said it had a loss of $5.92. Earnings, adjusted for one-time gains and costs, were $3.67 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.64 per share.

The construction materials company posted revenue of $2.68 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $2.69 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

View Comments