Fortune Brands

, which owns brands such as Moen, Master Lock, Titleist and Jim Beam, met Wall Street's expectations for the third quarter.

The company reported third-quarter earnings excluding charges of 51 cents a diluted share, in line with the 11-analyst

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First Call/Thomson Financial

consensus estimate. The company had income of 42 cents a share in the same quarter a year ago.

Sales in the quarter rose to $1.40 billion from $1.34 billion in the year-earlier period.