Owens Corning Reports Third-Quarter Miss, Gives Weaker Fourth-Quarter Outlook
Jefferies analysts said Owens Corning’s third-quarter results missed estimates, with weakness in roofing and doors partly offset by resilient insulation. The fourth-quarter outlook was well below consensus.
Owens Corning reports a sizable miss in 3Q, Jefferies analysts say in a research note. Results were noticeably weaker across Owens' roofing and doors businesses, they say, though its insulation division showed good resiliency. Looking ahead, the 4Q guide was well below consensus. The outlook calls…