Owens Corning (OC) announced a profit for first quarter that decreased from the same period last year
The company's bottom line came in at $299 million, or $3.40 per share. This compares with $383 million, or $4.17 per share, in last year's first quarter.
Excluding items, Owens Corning reported adjusted earnings of $316 million or $3.59 per share for the period.
The company's revenue for the quarter fell 1.3% to $2.30 billion from $2.33 billion last year.
Owens Corning earnings at a glance (GAAP) :
-Earnings (Q1): $299 Mln. vs. $383 Mln. last year.
-EPS (Q1): $3.40 vs. $4.17 last year.
-Revenue (Q1): $2.30 Bln vs. $2.33 Bln last year.
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