Masco: Q3 Earnings Snapshot

Associated Press Finance
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LIVONIA, Mich. (AP) — LIVONIA, Mich. (AP) — Masco Corp. (MAS) on Thursday reported third-quarter net income of $249 million.

On a per-share basis, the Livonia, Michigan-based company said it had profit of $1.10. Earnings, adjusted for non-recurring gains, came to $1 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.

The maker of Behr paint, Delta faucets and other building products posted revenue of $1.98 billion in the period, meeting Street forecasts.

Masco expects full-year earnings in the range of $3.65 to $3.75 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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