Owens Corning (OC) Q1 Earnings & Net Sales Beat, Stock Down

Owens Corning (OC) reported impressive results in first-quarter 2024, with earnings and net sales surpassing the Zacks Consensus Estimate. Earnings increased on a year-over-year basis despite a net sales decline. Sales declined due to lower sales volumes in the Insulation and Composites segments. Owens Corning's shares dropped 1.4% on Apr 24 after the earnings release. Inside the Headlines The company reported adjusted earnings per share (EPS) of $3.59, which topped the consensus mark of$3.04 by 18.1% and ...