Owens-Corning Q2 Adj. EPS $4.22 Beats $3.23 Estimate, Sales $2.56B Beat $2.54B Estimate
Portfolio Pulse from Benzinga Newsdesk
Owens-Corning (NYSE:OC) reported Q2 earnings of $4.22 per share, beating the analyst consensus estimate of $3.23 by 30.65%. This is a 10.18% increase from the same period last year. The company also reported quarterly sales of $2.56 billion, beating the analyst consensus estimate of $2.54 billion by 0.91%. However, this is a 1.46% decrease from the same period last year.
July 26, 2023 | 10:01 am
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Owens-Corning's Q2 earnings and sales beat estimates, but sales are down YoY. This could have a mixed impact on the stock.
Owens-Corning's Q2 earnings beat estimates, which is positive for the stock. However, the decrease in sales compared to the same period last year could be a concern for investors, potentially offsetting the positive impact of the earnings beat.
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