Why Owens-Corning's Stock Is Trading Higher Today

Owens-Corning OC shares are trading higher on Wednesday, after the company reported better-than-expected first-quarter EPS results.

Owens-Corning reported quarterly earnings of 60 cents per share, which beat the analyst consensus estimate of 54 cents. The company reported quarterly sales of $1.601 billion, which missed the analyst consensus estimate of $1.640 billion.

Owens-Corning develops and produces insulation, roofing, and fiberglass composites.

Owens-Corning shares were trading up 10.42% at $44.28 on Wednesday. The stock has a 52-week high of $68.72 and a 52-week low of $28.56.