Building materials maker Owens Corning reported quarterly results that were lower than expectations, wounded by lower sales at its building materials segment.

Owens Corning's 2009 net earnings attributable to the company were registered as $64 million, or $0.50 per share, compared to a net loss of $813 million or $6.38 per share last year.

In addition, the adjusted earnings were depicted as $145 million, or $1.14 per share, compared with $152 million or $1.17 per share in 2008. Consolidated net sales of $4.8 billion in 2009, compared to $5.8 billion in 2008.

However, analysts had speculated the company to register earnings of $1.39 per share on revenues of $4.82 billion for fiscal 2009.

The company hopes its adjusted earnings per share to jump by 25 percent or more in 2010, which will translate to adjusted earnings before interest and taxes of $350 million or more.

The company posted a fourth quarter loss to be as $21 million, or 17 cents a share, compared with $34 million, or 27 cents a share, a year ago.

Shares of the company closed at $26.39 Tuesday on the New York Stock Exchange.