Masco: Q4 Earnings Snapshot
By AP News
Published - Feb 09, 2023, 07:18 AM ET
Last Updated - Jun 22, 2023, 10:27 PM EDT
LIVONIA, Mich. (AP) — LIVONIA, Mich. (AP) — Masco Corp. (MAS) on Thursday reported fourth-quarter profit of $115 million.
The Livonia, Michigan-based company said it had profit of 51 cents per share. Earnings, adjusted for one-time gains and costs, came to 65 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The maker of Behr paint, Delta faucets and other building products posted revenue of $1.92 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $1.91 billion.
