Owens Corning Earnings Decline 10% In Q2

(RTTNews) - Owens Corning (OC) revealed a profit for second quarter that decreased from last year.

The company said its profit declined to $136 million, or $1.20 per share. This was down from $151 million, or $1.30 per share, in last year's second quarter.

Analysts had expected the company to earn $1.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.2% to $1.59 billion. This was up from $1.54 billion last year.

Owens Corning earnings at a glance:

-Earnings (Q2): $136 Mln. vs. $151 Mln. last year. -Earnings Decline (Y-o-Y): -9.9% -EPS (Q2): $1.20 vs. $1.30 last year. -EPS Decline (Y-o-Y): -7.7% -Analysts Estimate: $1.08 -Revenue (Q2): $1.59 Bln vs. $1.54 Bln last year. -Revenue Change (Y-o-Y): 3.2%