Masco Corporation Reports Third Quarter 2019 Results
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Masco Corp. (MAS) Misses Q3 EPS by 1c, Revenues Miss; Updates FY19 EPS Guidance Below Consensus
October 30, 2019 7:01 AM EDTMasco Corp. (NYSE: MAS) reported Q3 EPS of $0.68, $0.01 worse than the analyst estimate of $0.69. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $2.12 billion.
Key Results
Sales increased 2 percent to $1.9 billion; in local currency, sales increased 3 percentOperating profit for the quarter increased 10 percent to $316 million; adjusted operating profit increased 8 percent to $326 millionEarnings per share from continuing operations increased 16... More