Masco down after third-quarter revenue miss

Masco

29/10/2024 13:44

** Shares of home improvement firm Masco  MAS.N  down 2% to
$79.99
    ** Co posts Q3 revenue miss on weak demand for its plumbing
and decorative architectural products
    ** Reports Q3 revenue of $1.98 billion vs estimates of $1.99
billion, and EPS of $1.08 in line with estimates - data compiled
by LSEG
    ** Sees 2024 adjusted EPS between $4.05 and $4.15 vs prior
range of $4.05 to $4.20 
    ** Up to Monday's close, stock has risen ~22% YTD

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))