Owens Corning Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - Owens Corning (OC) reported fourth-quarter net income to company of $33 million or $0.28 per share, compared to $82 million or $0.69 per share, prior year. Adjusted earnings were $55 million, or $0.47 per share, for the quarter.

On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.42 for the quarter. Analysts' estimates typically exclude special items.

Net sales decreased to $1.26 billion from $1.28 billion last year. Analysts expected revenue of $1.31 billion for the quarter.

The Board of Owens Corning has declared a quarterly dividend of 17 cents per common share payable on April 2, 2015, to shareholders of record as of March 13, 2015, a 6% increase from the previous year.