USG gains 10% after announcing it posted sales of $516.9M (+15.7% Y/Y) and a net loss of $30.5M...

|About: USG Corporation (USG)|By:, SA News Editor
USG gains 10% after announcing it posted sales of $516.9M (+15.7% Y/Y) and a net loss of $30.5M in January and February; the Street is currently expecting just 9.6% revenue growth for the March quarter. USG attributes the strong results to increases in the average selling price and gross margin for its wallboard products, following a recent price hike.