Investing.com - Masco (NYSE:MAS) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Masco announced earnings per share of $0.89 on revenue of $1.97B. Analysts polled by Investing.com anticipated EPS of $0.6644 on revenue of $1.83B.
Masco shares are up 11% from the beginning of the year, still down 2.63% from its 52 week high of $65.29 set on April 16. They are outperforming the STOXX 600 which is up 10.31% from the start of the year.
Masco follows other major Capital Goods sector earnings this month
Masco's report follows an earnings beat by ASML ADR on April 21, who reported EPS of $3.86 on revenue of $5.25B, compared to forecasts EPS of $3.07 on revenue of $4.81B.
Honeywell had beat expectations on Friday with first quarter EPS of $1.92 on revenue of $8.45B, compared to forecast for EPS of $1.8 on revenue of $8.08B.
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