USG Reports Net Loss For Q3 - Quick Facts

(RTTNews) - USG Corp. (USG) Thursday reported a net loss for the third quarter, compared with profit last year, as legal costs and asset impairment charges overshadowed revenue growth.

For the three months to September, the company reported a net loss of $11 million or $0.09 per share, compared with profit of $23 million or $0.21 per share last year.

Excluding the legal costs and asset impairment charges, the company reported a profit of $66 million or $0.45 per basic share.

On average, twenty analysts polled by Thomson-Reuters estimated earnings to be $0.46. Analysts estimates typically exclude one-time items.

Net sales grew to $972 million from $925 million in the previous year. Analysts projected revenues to be $997.74 million.