NEW YORK (TheStreet) -- Shares of Masco (MAS) - Get Report are rising 4.48% to $35.76 on heavy trading volume Tuesday afternoon after the company reported better-than-expected earnings for the 2016 second quarter.
Before today's market open, the home improvement and building products company posted earnings of 46 cents per share, above analysts' estimates of 43 cents per share.
Revenue increased 4% to $2 billion year-over-year and was in line with analysts' forecasts.
"Our plumbing segment in particular had an exceptional second quarter, with strong top- and bottom-line performance both in North America and internationally, and our cabinetry segment continued to exceed expectations as it executed against its strategic plan to optimize sales mix and increase profitability," CEO Keith Allman said in a statement.
Masco's brands include Behr paint, Delta faucets and bath fixtures and Hot Spring spas.
About 5.64 million of the company's shares changed hands so far today compared to its average volume of 4.4 million shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, solid stock price performance, expanding profit margins and good cash flow from operations.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: MAS