Skip to main content

Owens Corning: Q1 Earnings Snapshot

TOLEDO, Ohio (AP) — TOLEDO, Ohio (AP) — Owens Corning (OC) on Wednesday reported a loss of $105 million in its first quarter.

The Toledo, Ohio-based company said it had a loss of $1.29 per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, were $1.22 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The construction materials company posted revenue of $2.27 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.16 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

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story

Related News

Knicks take 1-0 lead into game 2 against the Spurs

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

Police warn families of Tiananmen crackdown dead not to visit graves on 37th anniversary