Owens Corning Profit Climbs 182% In Q1

(RTTNews) - Owens Corning (OC) announced earnings for its first quarter that gained ground from last year.

The company said its bottom line climbed to $62 million, or $0.53 per share. This was higher than $22 million, or $0.19 per share, in last year's first quarter.

Analysts had expected the company to earn $0.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.5% to $1.23 billion. This was up from $1.20 billion last year.

Owens Corning earnings at a glance:

-Earnings (Q1): $62 Mln. vs. $22 Mln. last year. -Earnings Growth (Y-o-Y): 181.8% -EPS (Q1): $0.53 vs. $0.19 last year. -EPS Growth (Y-o-Y): 178.9% -Analysts Estimate: $0.34 -Revenue (Q1): $1.23 Bln vs. $1.20 Bln last year. -Revenue Change (Y-o-Y): 2.5%