Masco down after missing Q1 sales estimates on weak demand

Masco

24/04/2024 15:24

** Shares of home improvement firm Masco  MAS.N  down 4.3%
at $69.8
        ** Company missed Q1 sales estimates in North America,
China and Europe markets
    ** North American sales in the first quarter fell 2% while
international sales fell 5%, hurt by soft demand in key markets
of Europe and China
    ** Q1 net sales fell 3% to $1.93 bln vs LSEG estimates of
$1.94 billion
    ** Also posts adjusted EPS of 93 cents per share vs
analysts' est of 88 cents per share - LSEG
    ** As of last close, MAS up 4.7% YTD

 (Reporting by Annett Mary Manoj in Bengaluru)
 ((AnnettMary.Manoj@thomsonreuters.com))