USG Posts Loss But Sees Housing Market Rebound
Building materials maker USG Corp. (USG) posted a larger-than-expected fourth-quarter loss, but said the housing market continues to recover. The maker of wallboards, ceiling tiles and other materials reported a loss of 46 cents per share, down from 90 cents a year ago. Analysts were expecting a 26-cents-per-share loss. Sales climbed 12% to $815 million, beating views. "Our wallboard results were the strongest we have seen in over three years, and
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