Masco Q2 2024 Adj EPS $1.20 Beats $1.18 Estimate, Sales $2.091B Miss $2.103B Estimate
Portfolio Pulse from Benzinga Newsdesk
Masco (NYSE:MAS) reported Q2 2024 adjusted EPS of $1.20, beating the estimate of $1.18. However, sales of $2.091 billion missed the estimate of $2.103 billion and were down 1.69% from the same period last year.
July 25, 2024 | 11:01 am
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NEUTRAL IMPACT
Masco's Q2 2024 earnings per share beat estimates, but sales missed expectations and were down year-over-year. This mixed result may lead to short-term volatility in the stock price.
While the EPS beat is a positive sign, the sales miss and year-over-year decline in sales could concern investors. This mixed result is likely to cause short-term volatility in Masco's stock price.
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IMPORTANCE 80
RELEVANCE 100