TOLEDO, Ohio (AP) — TOLEDO, Ohio (AP) — Owens Corning (OC) on Monday reported a loss of $258 million in its fourth quarter.
On a per-share basis, the Toledo, Ohio-based company said it had a loss of $2.97. Earnings, adjusted for non-recurring costs, were $3.22 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.87 per share.
The construction materials company posted revenue of $2.84 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $2.78 billion.
For the year, the company reported profit of $647 million, or $7.37 per share. Revenue was reported as $10.98 billion.
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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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