Owens-Corning Q3 Adj. EPS $4.15 Beats $3.82 Estimate, Sales $2.48B Miss $2.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
Owens-Corning (NYSE:OC) reported Q3 adjusted earnings of $4.15 per share, beating the analyst consensus estimate of $3.82 by 8.64%. This is a 16.25% increase from the same period last year. However, the company's quarterly sales of $2.48 billion missed the analyst consensus estimate of $2.53 billion by 1.98%, a 1.94% decrease from the same period last year.
October 25, 2023 | 10:02 am
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Owens-Corning's Q3 earnings beat estimates but sales missed, indicating mixed performance.
Owens-Corning's Q3 earnings beat the estimates, which is a positive signal for investors and could potentially drive the stock price up. However, the company's sales missed the estimates, which could negatively impact the stock price. The mixed results make it difficult to predict the short-term price direction.
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