Investing.com - Masco reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Masco announced earnings per share of $0.46 on revenue of $1.58B. Analysts polled by Investing.com anticipated EPS of $0.36 on revenue of $1.52B. That with comparison to EPS of $0.44 on revenue of $1.91B in the same period a year before.Masco had reported EPS of $0.54 on revenue of $1.64B in the previous quarter.Analysts are expecting EPS of $0.6 and revenue of $1.65B in the upcoming quarter.
Masco shares are down 13% from the beginning of the year and are trading at $41.72 , down-from-52-week-high.They are under-performing the S&P 500 which is down 11.75% year to date.
Masco follows other major Capital Goods sector earnings this month
Masco's report follows an earnings missed by ASML ADR on Wednesday, April 15, 2020, who reported EPS of $0.93 on revenue of $2.44B, compared to forecasts EPS of $1.47 on revenue of $3.17B.
Lockheed Martin had beat expectations on Tuesday, April 21, 2020 with first quarter EPS of $6.08 on revenue of $15.65B, compared to forecast for EPS of $5.81 on revenue of $15.08B.
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