Owens Corning Q4 Profit Rises

(RTTNews) - Owens Corning (OC) released earnings for its fourth quarter that climbed from last year.

The company said its bottom line advanced to $125 million, or $1.11 per share. This was higher than $81 million, or $0.72 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.7% to $1.61 billion. This was up from $1.38 billion last year.

Owens Corning earnings at a glance:

-Earnings (Q4): $125 Mln. vs. $81 Mln. last year. -Earnings Growth (Y-o-Y): 54.3% -EPS (Q4): $1.11 vs. $0.72 last year. -EPS Growth (Y-o-Y): 54.2% -Analysts Estimate: $1.04 -Revenue (Q4): $1.61 Bln vs. $1.38 Bln last year. -Revenue Change (Y-o-Y): 16.7%