Masco Misses View, Swings to $81 Million Q1 Loss on Sales Decline, Lowers Guidance (MAS)
Posted on April 28, 2009 at 11:22 AM EDT
Building products maker Masco Corporation (MAS) said Monday that it swung to a loss for the first quarter, as the economic recession dented housing construction and consumers spent less money on home improvement projects. The Taylor, Michigan-based company reported a fiscal first quarter net loss of $81 million, or 23 cents per share, compared to profit [...]