Masco Q3 Adj EPS $1.00 Beats $0.91 Estimate, Sales $1.98B Beat $1.97B Estimate
Portfolio Pulse from Benzinga Newsdesk
Masco Corporation (NYSE:MAS) reported Q3 adjusted earnings of $1.00 per share, beating the analyst consensus estimate of $0.91 by 9.89%. This is a 2.04% increase from the same period last year. The company also reported quarterly sales of $1.98 billion, beating the analyst consensus estimate of $1.97 billion by 0.46%. However, this is a 10.21% decrease from the same period last year.
October 26, 2023 | 11:07 am
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Masco's Q3 earnings beat estimates, with a 2.04% YoY increase in EPS. However, sales decreased by 10.21% YoY.
While Masco's earnings beat estimates, which is generally positive for the stock, the decrease in sales compared to the same period last year could be a concern for investors. This mixed result makes the short-term impact on the stock price uncertain.
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