TOLEDO, Ohio (AP) — TOLEDO, Ohio (AP) — Owens Corning (OC) on Wednesday reported first-quarter profit of $299 million.
On a per-share basis, the Toledo, Ohio-based company said it had profit of $3.40. Earnings, adjusted for one-time gains and costs, came to $3.59 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.04 per share.
The construction materials company posted revenue of $2.3 billion in the period.
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