Masco Q4 Adj. EPS $0.83 Beats $0.66 Estimate, Sales $1.88B Beat $1.79B Estimate
Portfolio Pulse from Benzinga Newsdesk
Masco Corporation (NYSE:MAS) reported Q4 adjusted earnings per share (EPS) of $0.83, surpassing the consensus estimate of $0.66 by 25.76%. This represents a 27.69% increase from the previous year's EPS of $0.65. Quarterly sales reached $1.88 billion, exceeding expectations by 5.14% but marking a 2.13% decrease from the previous year's $1.92 billion.
February 08, 2024 | 12:02 pm
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Masco Corporation reported a strong Q4 with EPS and sales beating estimates, showcasing a significant year-over-year earnings growth but a slight decline in sales.
The positive earnings report, with both EPS and sales exceeding analyst expectations, indicates strong company performance and operational efficiency. The significant beat on the EPS estimate and the year-over-year growth in earnings are likely to be viewed positively by investors, potentially leading to a short-term uptick in MAS's stock price. However, the slight decrease in sales year-over-year might temper some of the positive momentum, but the overall impact is expected to be positive given the earnings beat.
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