Masco Corp. Turns To Profit In Q4 - Quick Facts

(RTTNews) - Masco Corporation (MAS) reported fourth-quarter income from continuing operations of $39 million or $0.11 per share, compared to a loss of $70 million or $0.20 per share, prior year. Total earnings per share was $0.12, compared to a loss of $0.25, prior year. Income per share, as adjusted, was $0.15 for the quarter.

On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.16 for the quarter. Analysts' estimates typically exclude special items.

Net sales from continuing operations increased 9 percent to $2.0 billion, compared with $1.83 billion for fourth quarter 2012. Analysts expected revenue of $1.99 billion for the quarter.