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Masco Corp. Q1 adjusted earnings Miss Estimates

Masco Corp. (MAS) announced a profit for first quarter that fell from last year.

The company's profit came in at $116 million, or $0.39 per share. This compares with $149 million, or $0.47 per share, in last year's first quarter.

Excluding items, Masco Corp. reported adjusted earnings of $129 million or $0.44 per share for the period.

Analysts had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.5% to $1.91 billion from $1.92 billion last year.

Masco Corp. earnings at a glance:

-Earnings (Q1): $129 Mln. vs. $142 Mln. last year.
-EPS (Q1): $0.44 vs. $0.45 last year.
-Analysts Estimate: $0.48
-Revenue (Q1): $1.91 Bln vs. $1.92 Bln last year.

Full year EPS guidance: $2.60 - $2.80

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