08:51 AM EDT, 04/24/2024 (MT Newswires) -- Owens Corning ( OC ) reported Q1 adjusted earnings Wednesday of $3.59 per diluted share, up from $2.80 a year earlier.

Analysts polled by Capital IQ expected $3.09.

Net sales for the quarter ended March 31 were $2.30 billion, down from $2.33 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.28 billion.

The company said it expects Q2 net sales to be in line with Q2 2023. Analysts polled by Capital IQ expect $2.54 billion.

Shares of the company traded 1.1% higher in premarket activity.

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