LIVONIA, Mich. (AP) — LIVONIA, Mich. (AP) — Masco Corp. (MAS) on Thursday reported second-quarter profit of $270 million.
On a per-share basis, the Livonia, Michigan-based company said it had net income of $1.28. Earnings, adjusted for non-recurring costs, came to $1.30 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The maker of Behr paint, Delta faucets and other building products posted revenue of $2.05 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $2 billion.
Masco expects full-year earnings in the range of $3.90 to $4.10 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAS at https://www.zacks.com/ap/MAS
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