Hurricanes Have a Slight Impact on EPS Guidance, but Otherwise It's Steady as It Goes for Masco
Masco shares closed the Oct. 24 trading day up about 2% after the company’s third-quarter earnings release. The market shrugged off Masco’s top- and bottom-line miss and a slight downward revision to management’s full-year 2017 adjusted EPS guidance, and instead focused on Masco’s continued strong execution. The narrow-moat home improvement and building products manufacturer increased sales 3% to $1.936 billion ($24 million shy of the consensus estimate) and grew adjusted EPS 22% to $0.50 (versu...
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