Masco Corp. Profit Advances 16% In Q3

(RTTNews) - Masco Corp. (MAS) announced earnings for its third quarter that gained ground from last year.

The company said its bottom line totaled $158 million, or $0.50 per share. This was up from $136 million, or $0.41 per share, in last year's third quarter.

Analysts had expected the company to earn $0.53 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.2% to $1.94 billion. This was up from $1.88 billion last year.

Masco Corp. earnings at a glance:

-Earnings (Q3): $158 Mln. vs. $136 Mln. last year. -Earnings Growth (Y-o-Y): 16.2% -EPS (Q3): $0.50 vs. $0.41 last year. -EPS Growth (Y-o-Y): 22.0% -Analysts Estimate: $0.53 -Revenue (Q3): $1.94 Bln vs. $1.88 Bln last year. -Revenue Change (Y-o-Y): 3.2%

-Guidance: Full year EPS guidance: $1.93 to $1.97