Masco Earnings: Here’s Why the Stock is Popping Now
Masco Corporation (NYSE:MAS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 7%.
Masco Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.04 in the quarter versus EPS of $-0.09 in the year-earlier quarter.
Revenue: Rose 13.98% to $1.9 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Masco Corporation reported adjusted EPS income of $0.04 per share. By that measure, the company beat the mean analyst estimate of $-0.01. It beat the average revenue estimate of $1.8 billion.
Quoting Management: “Our solid fourth quarter results reflect the successful execution of our strategic initiatives, including leveraging our brands, reducing our costs, improving our Installation and Cabinet segments and strengthening our balance sheet,” said Masco`s President and CEO, Tim Wadhams. “Our sales and margin growth represent strong performance across all of our operating segments, including a return to profitability in our Installation segment. We believe this momentum will continue into 2013.”
Key Stats (on next page)…