Masco Corp. (MAS) Misses Q3 EPS by 3c; Trims Outlook
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Masco Corporation Reports Third Quarter 2017 Results
October 24, 2017 7:00 AM EDTKey Highlights
Sales for the third quarter increased 3 percent to $1.9 billion; in local currency, sales increased 2 percent Operating profit for the quarter grew 10 percent to $295 million; adjusted operating profit grew 8 percent to $296 million Earnings per share for the quarter grew 15 percent to $0.46 per common share; adjusted earnings per share grew 22 percent to $0.50 per common share Updating 2017 earnings per share target to $1.93 to $1.97 from $1.93 to $2.00 per common share which reflects the impact of the severe hurricanesLIVONIA,... More
