Owens Corning profits fall in third quarter

Printer-friendly versionSend by email

Owens Corning, a housing materials manufacturer, said its third quarter revenue fell 12 percent to $1.19 billion, Fox Business reported. Wall Street had predicted revenue of $1.26 billion.

October 29, 2010

 

Owens Corning, a housing materials manufacturer, said its third quarter revenue fell 12 percent to $1.19 billion, Fox Business reported. Wall Street had predicted revenue of $1.26 billion.

The company said that a struggling housing market and weak demand accounted for the shrinking revenue.

However, although the $58 million in profits were down from a year ago, they did beat analysts estimates. This was mainly due to higher prices and increased demand outside the United States.

Comments on: "Owens Corning profits fall in third quarter"

April 2014

This Month in Professional Builder

Getting Beyond the Impasse

Outstanding Outdoor Spaces

Taming the Chaos

Designs for First-time Buyers

DIGITAL EDITION
Products

The 2015 Chevrolet Silverado 2500HD delivers the capability heavy-duty truck customers demand, along with greater refinement and control for more comfort and confidence.

Features

Matt Ivey shares how Ivey Homes found a successful medium between in-house sales and outsourcing.