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Owens Corning (OC) Stock Gains on Earnings Beat

NEW YORK (TheStreet) -- Shares of Owens Corning (OC - Get Report) were gaining 2.7% to $46.09 on Wednesday after the insulation, roofing, and fiberglass composites maker beat analysts' estimates for earnings in the third quarter. They reported before today's market open.

Owens Corning reported earnings of 96 cents a share for the third quarter, above analysts' estimates of 68 cents a share for the quarter. Revenue grew 5.8% year over year to $1.46 billion for the quarter, compared to analysts' estimates of $1.42 billion.

Composites revenue grew 2% year over year in the third quarter, insulation revenue grew 11%, and roofing revenue grew 6%.

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