NEW YORK (TheStreet) -- Shares of USG (USG) are rising by 4.11% to $28.15 on heavy trading volume late Thursday morning, after the Chicago-based company posted its 2016 first quarter results.

Before today's market open, the building products company reported adjusted earnings of 43 cents per diluted share, surpassing analysts' estimates of 26 cents per share.

Revenue for the period was $970 million, also above analysts' expectations of $928.6 million.

"We're off to a strong start in 2016, with arguably the best quarter we've had in almost a decade," CEO James Metcalf said in a statement.

"We realized significant operating margin expansion in all of our U.S. operations, led by our ceilings business which turned in an all-time record quarter," he added.

About 2.94 million of USG's shares were traded so far today vs. its average 30-day volume of 1.84 million shares per day.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.

The primary factors that have impacted the rating are mixed.

The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels and good cash flow from operations.

However, the team also finds that the growth in the company's earnings per share has not been good.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: USG