Masco Corp. Q3 adjusted earnings Miss Estimates

(RTTNews) - Masco Corp. (MAS) released a profit for its third quarter that increased from last year.

The company's bottom line totaled $180 million, or $0.58 per share. This compares with $152 million, or $0.48 per share, in last year's third quarter.

Excluding items, Masco Corp. reported adjusted earnings of $198 million or $0.65 per share for the period.

Analysts had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.7% to $2.10 billion from $1.95 billion last year.

Masco Corp. earnings at a glance:

-Earnings (Q3): $198 Mln. vs. $163 Mln. last year. -EPS (Q3): $0.65 vs. $0.52 last year. -Analysts Estimate: $0.70 -Revenue (Q3): $2.10 Bln vs. $1.95 Bln last year.

-Guidance: Full year EPS guidance: $2.39 - $2.44