Owens Corning (OC) revealed earnings for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $470 million, or $4.84 per share. This compares with $260 million, or $2.50 per share, in last year's third quarter.
Excluding items, Owens Corning reported adjusted earnings of $347 million or $3.57 per share for the period.
Analysts on average had expected the company to earn $3.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 14.3% to $2.529 billion from $2.213 billion last year.
Owens Corning earnings at a glance (GAAP) :
-Earnings (Q3): $470 Mln. vs. $260 Mln. last year.
-EPS (Q3): $4.84 vs. $2.50 last year.
-Analyst Estimate: $3.19
-Revenue (Q3): $2.529 Bln vs. $2.213 Bln last year.
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