Masco Climbs 6% in Late Trade

Masco (MAS) is higher in after hours trading after the company posted mixed financial results for Q2, or the quarter ended June 30, 2014, with revenue that matched analysts’ expectations, and earnings that came in better than expected.

Shares are up 5.57% at $21.40, with a 52-week range of $18.27 – $23.73.

The company, which manufactures, distributes and installs home improvement and building products, reported Q2 net income attributable to the company of $139 million or $0.39 per share, up from $78 million or $0.22 per share in the comparable quarter the previous year. Adjusted income from continuing operations was $112 million or $0.32 per share, compared with $82 million or $0.23 per share in the prior-year period. The Capital IQ analyst estimate is for $0.28 EPS.

Revenue was $2.3 billion, up 9.5% from $2.1 billion in the same quarter last year. Analysts were expecting revenue of $2.26 billion.

 

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