Masonite International Corp. Exceeds Second-Quarter ExpectationsAugust 11th, 2014 by DWM Magazine
Masonite International Corp. issued its quarterly earnings data on Wednesday, reporting $0.18 earnings per share for the quarter, which was on par with expectations, according to AmericanBankingNews.com. The company outperformed its revenue estimations, bringing in $490.20 million for the quarter, compared to the Thomson Reuters consensus estimate of $484.03 million. Last year, the company posted $0.04 earnings per share in the second quarter, meaning revenue was up 8.2 percent over last year.
Following the report, share prices went up 2.46 percent, hitting $52.12 with a trading volume of 213,352 shares, according to the company’s press release.