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Masco Corporation

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Masco’s earnings and revenues beat the Zacks Consensus Estimate by 17.1% and 1.7%, respectively. Earnings grew 28.1% on a 3% rise in revenues given strong sales growth in Plumbing and Decorative Architectural Products. Masco’s adjusted operating margin also improved 60 basis points in the quarter. Masco remains well poised for the near term on expectation of continued momentum in housing. Positives like an improving economy, modest wage growth, low unemployment levels, low interest rates and positive consumer confidence raise optimism over the sector’s performance. However, the negative impact of currency translation remains a major headwind. Also, further increase in mortgage rates may dilute demand for new homes and therefore building products, as mortgage loans become expensive.

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