BUZZ - Masco shares rise as annual earnings forecast is raised

October 28 - ** Shares of U.S. home improvement company Masco (MAS.N) rose 3%, trading at $77.45

** Expects full-year adjusted earnings per share to be between $4.65 and $4.75, compared to the previous forecast of $4.40 to $4.60

** Reports quarterly sales of $1.97 billion, higher than the $1.93 billion expected by LSEG consensus

** Third-quarter adjusted earnings per share were $1.19, exceeding expectations of $1.03

** “Although we expect the demand environment will remain challenging in the short term, the long-term fundamentals of the repair and remodeling market remain strong,” CEO Jon Nudi said

** As of the previous trading day’s close, the stock had risen about 26% year to date

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