Masco Corp. Q1 Profit Climbs 70%

(RTTNews) - Masco Corp. (MAS) released earnings for its first quarter that advanced compared to the same period last year.

The company said its bottom line came in at $109 million, or $0.32 per share. This was higher than $64 million, or $0.18 per share, in last year's first quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.6% to $1.72 billion. This was up from $1.66 billion last year.

Masco Corp. earnings at a glance:

-Earnings (Q1): $109 Mln. vs. $64 Mln. last year. -Earnings Growth (Y-o-Y): 70.3% -EPS (Q1): $0.32 vs. $0.18 last year. -EPS Growth (Y-o-Y): 77.8% -Analysts Estimate: $0.26 -Revenue (Q1): $1.72 Bln vs. $1.66 Bln last year. -Revenue Change (Y-o-Y): 3.6%