Wedbush Downgrades Owens Corning (OC) to Neutral

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Go back to Wedbush Downgrades Owens Corning (OC) to Neutral

Owens Corning (OC) Tops Q3 EPS by 15c

October 22, 2014 7:28 AM EDT

Owens Corning (NYSE: OC) reported Q3 EPS of $0.63, $0.15 better than the analyst estimate of $0.48. Revenue for the quarter came in at $1.38 billion versus the consensus estimate of $1.39 billion.

Outlook

The company previously disclosed that the Insulation business would return 50 percent operating leverage through the recovery and produce $100 million or more of EBIT in an environment of one million... More