08.02.2024 13:13:28 - dpa-AFX: Masco Corp. Q4 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Masco Corp. (MAS) revealed a profit for its fourth
quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $191 million, or $0.85 per share. This compares
with $115 million, or $0.51 per share, in last year's fourth quarter.

Excluding items, Masco Corp. reported adjusted earnings of $185 million or $0.83
per share for the period.

Analysts on average had expected the company to earn $0.66 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 2.1% to $1.88 billion from $1.92
billion last year.

Masco Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $191 Mln. vs. $115 Mln. last year.
-EPS (Q4): $0.85 vs. $0.51 last year.
-Analyst Estimate: $0.66
-Revenue (Q4): $1.88 Bln vs. $1.92 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
MASCO CORP. DL 1 856632 Frankfurt 61,860 06.06.24 08:17:40 +0,380 +0,62% 61,900 62,680 61,860 61,480

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