Masco (NYSE:MAS) reported quarterly earnings of $0.99 per share which beat the analyst consensus estimate of $0.89 by 11.24 percent. This is a 4.81 percent decrease over earnings of $1.04 per share from the same period
If history is any guide, there may be trouble ahead for shares of Masco(NYSE:MAS). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
What To Know: Many traders use moving average crossover systems to make their decisions.
After pulling data from Benzinga Pro it seems like during Q2, Masco (NYSE:MAS) earned $437.00 million, a 19.73% increase from the preceding quarter. Masco also posted a total of $2.18 billion in sales, a 10.61% increase since Q1.