Revenue Update on Masco Corp(NYSE:MAS)

Masco Corp(NYSE:MAS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $2.00B. Analysts estimated a revenue of $2.00B. Earnings per share were $0.46. Analysts had estimated an EPS of $0.43.

Masco Corp (MAS) shares turned negative on Fridays trading session with the shares closing down -0.39 points or -1.06% at a volume of 59,26,772. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $36.86. The peak price level was also seen at $36.86 while the days lowest was $36.36. Finally the shares closed at $36.48. The 52-week high of the shares is $37.375 while the 52-week low is $23.1. According to the latest information available, the market cap of the company is $12,046 M.

Several Insider Transactions has been reported to the SEC. On Jun 23, 2016, Richard A. O’reagan (Group President) sold 6,000 shares at $31.36 per share price.Also, On Jun 1, 2016, Renee Straber (VP – Chief HR Officer) sold 3,694 shares at $32.60 per share price.On May 24, 2016, Richard A Manoogian (director) sold 77,959 shares at $31.33 per share price, according to the Form-4 filing with the securities and exchange commission.

Masco Corporation manufactures distributes and installs home improvement and building products. The Company’s segments include Cabinets and Related Products Plumbing Products Installation and Other Services Decorative Architectural Products and Other Specialty Products. Its Cabinets and Related Products includes assembled kitchen and bath cabinets and home office workstations entertainment centers storage products; bookcases and kitchen utility products. Its Plumbing Products include faucets plumbing fittings and valves showerheads and hand showers bathtubs and shower enclosures toilets and spas. The Installation and Other Services includes the sale installation and distribution of insulation and other building products. Its Decorative Architectural Products include paints and stains and cabinet door window and other hardware. Its Other Specialty Products include windows window frame components and patio doors staple gun tackers staples and other fastening tools.

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