Investing.com - Masco reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Masco announced earnings per share of $0.95 on revenue of $2.20B. Analysts polled by Investing.com anticipated EPS of $0.8477 on revenue of $2.06B.
Masco shares are down 24% from the beginning of the year and are trading at $53.30 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.4% from the start of the year.
Masco shares gained 1.08% in pre-market trade the report.
Masco follows other major Industrials sector earnings this month
Masco's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Raytheon Technologies had beat expectations on Tuesday with first quarter EPS of $1.15 on revenue of $15.72B, compared to forecast for EPS of $1.01 on revenue of $15.88B.
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