Masco Corp. Q1 adjusted earnings of $0.89 per share

(RTTNews) - Masco Corp. (MAS) reported a profit for first quarter that fell from last year.

The company's profit totaled $157 million, or $0.34 per share. This compares with $174 million, or $0.48 per share, in last year's first quarter.

Excluding items, Masco Corp. reported adjusted earnings of $230 million or $0.89 per share for the period.

The company's revenue for the quarter rose 24.7% to $1.97 billion from $1.58 billion last year.

Masco Corp. earnings at a glance:

-Earnings (Q1): $230 Mln. vs. $129 Mln. last year. -EPS (Q1): $0.89 vs. $0.47 last year. -Revenue (Q1): $1.97 Bln vs. $1.58 Bln last year.