26.10.2023 16:59:59 - dpa-AFX: Masco Corp Up 6% As Q3 Results Beat Street
WASHINGTON (dpa-AFX) - Shares of Masco Corporation (MAS) are up 6% on
Thursday after the company announced its third-quarter earnings and revenues,
which beat Street estimates.
MAS is trading on the New York Stock Exchange at $51.67, up 6.91% or $3.34 per
share. It has traded between $42.60 and $63.86 in the past 52-week period.
The company reported a net income of $249 million or $1.10 per share for the
quarter, a decrease from last year's profit of $218 million or $0.97 per share.
On an adjusted basis, income was $226 million or $1.00 per share, compared to
$225 million or $0.99 per share the prior year.
Analysts, on average, had expected the company to earn $0.91 per share,
according to figures compiled by Thomson Reuters.
Revenue decreased to $1.98 billion from $2.20 billion the previous year. It beat
the consensus estimate of $1.97 billion.
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