WASHINGTON (dpa-AFX) - Owens Corning (OC) reported a profit for its second quarter that rose from last year.
The company's profit came in at $298 million, or $2.82 per share. This compares with $96 million, or $0.88 per share, in last year's second quarter.
Excluding items, Owens Corning reported adjusted earnings of $274 million or $2.60 per share for the period.
Analysts had expected the company to earn $2.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 37.4% to $2.24 billion from $1.63 billion last year.
Owens Corning earnings at a glance:
-Earnings (Q2): $274 Mln. vs. $99 Mln. last year. -EPS (Q2): $2.60 vs. $0.91 last year. -Analysts Estimate: $2.13 -Revenue (Q2): $2.24 Bln vs. $1.63 Bln last year.
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