Stock Track | Owens-Corning Plummets 5.01% as Q4 Earnings Disappoint Despite Revenue Beat

Stock Track

Feb 24, 2025

Owens-Corning's stock plummeted 5.01% on Monday in pre-market trading, following the release of the company's fourth-quarter earnings report. Despite beating revenue estimates, the construction materials company's earnings fell short of analysts' expectations.

According to the earnings snapshot, Owens-Corning reported a loss of $258 million, or $2.97 per share, for the quarter ended December 31. While this was a significant loss, the company's adjusted earnings of $3.22 per share surpassed Wall Street's expectations of $2.87 per share.

Revenue for the quarter rose 23.3% to $2.84 billion, exceeding analysts' estimates of $2.77 billion. However, the company's weak earnings performance appeared to overshadow the revenue beat, leading to the sharp sell-off in the stock.

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Despite beating revenue estimates, the construction materials company's earnings fell short of analysts' expectations.</p>\n\n<p>According to the earnings snapshot, Owens-Corning reported a loss of $258 million, or $2.97 per share, for the quarter ended December 31. While this was a significant loss, the company's adjusted earnings of $3.22 per share surpassed Wall Street's expectations of $2.87 per share.</p>\n\n<p>Revenue for the quarter rose 23.3% to $2.84 billion, exceeding analysts' estimates of $2.77 billion. However, the company's weak earnings performance appeared to overshadow the revenue beat, leading to the sharp sell-off in the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OC","symbol_name":"欧文斯科宁","start_time":0,"source_url":"","article_id":"1157263415","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1157263415","pubTimestamp":1740411204,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Owens-Corning's stock plummeted 5.01% on Monday in pre-market trading, following the release of the company's fourth-quarter earnings report. 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