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Masonite: 3Q Earnings Snapshot
2019-11-05 04:03
TAMPA, Fla. (AP) _ Masonite International Corp. (DOOR) on Monday reported third-quarter net income of $15 million.
The Tampa, Florida-based company said it had profit of 59 cents per share. Earnings, adjusted for one-time gains and costs, were $1.08 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.
The door maker for the housing industry posted revenue of $552.2 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $556.2 million.
Masonite expects full-year earnings in the range of $3.30 to $3.90 per share.
Masonite shares have risen 40% since the beginning of the year. In the final minutes of trading on Monday, shares hit $62.61, an increase of 11% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOOR at https://www.zacks.com/ap/DOORCopyright 2019, Associated Press, The
