Investing.com - Masco reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Masco announced earnings per share of $1.14 on revenue of $2.35B. Analysts polled by Investing.com anticipated EPS of $1.19 on revenue of $2.37B.
Masco shares are down 9% from the beginning of the year and are trading at $53.50 , down-from-52-week-high.They are outperforming the S&P 500 which is down 15.58% from the start of the year.
Masco shares lost 0.78% 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 $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on July 21 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
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