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Masco Corp. Q2 adjusted earnings Beat Estimates

Masco Corp. (MAS) announced a profit for its second quarter that advanced from last year.

The company's bottom line came in at $240 million, or $0.82 per share. This compares with $211 million, or $0.68 per share, in last year's second quarter.

Excluding items, Masco Corp. reported adjusted earnings of $254 million or $0.88 per share for the period.

Analysts had expected the company to earn $0.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.9% to $2.28 billion from $2.30 billion last year.

Masco Corp. earnings at a glance:

-Earnings (Q2): $254 Mln. vs. $236 Mln. last year.
-EPS (Q2): $0.88 vs. $0.76 last year.
-Analysts Estimate: $0.81
-Revenue (Q2): $2.28 Bln vs. $2.30 Bln last year.

-Guidance:
Full year EPS guidance: $2.62 - $2.72

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