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Masco: Q1 Earnings Snapshot

LIVONIA, Mich. (AP) — LIVONIA, Mich. (AP) — Masco Corp. (MAS) on Wednesday reported first-quarter earnings of $213 million.

The Livonia, Michigan-based company said it had net income of $1.05 per share. Earnings, adjusted for non-recurring gains, came to $1.04 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The maker of Behr paint, Delta faucets and other building products posted revenue of $1.92 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.84 billion.

Masco expects full-year earnings in the range of $4.10 to $4.30 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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