USG (USG): Q1 EPS of $0.02 misses by $0.07. Revenue of $814M (+4% Y/Y) misses by $50.58M. (PR)


USG (USG): Q1 EPS of $0.02 misses by $0.07. Revenue of $814M (+4% Y/Y) misses by $50.58M. (PR)
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  • Jamodit
    , contributor
    Comments (56) | Send Message
     
    Not sure where you got your information and don't know exactly what it means, other than it paints a totally different (negative) picture compared to:

     

    USG Corporation (NYSE:USG), a leading building products company, today reported first quarter 2013 net sales of $814 million, up 4 percent from first quarter 2012 net sales of $783 million. USG's first quarter 2013 operating profit was $49 million compared to a $24 million operating profit in the first quarter of 2012. First quarter 2013 net income was $2 million or $0.02 per diluted share. This result compares to a $27 million net loss in the first quarter of 2012 or $0.26 per diluted share.

     

    "We are pleased to report our first quarter of net income in more than five years," said James S. Metcalf, Chairman, President and CEO.

     

    Maybe analysts and/ or investors read your negative information first, leading to the $1.00 pre-market decline. Then, they read the totally opposite positive information released by USG, leading to the $1.50 upswing in the first 30 minutes of market open.
    24 Apr 2013, 10:07 AM Reply Like
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