DEERFIELD, Ill. (AP) _ Fortune Brands Home & Security Inc. (FBHS) on Thursday reported first-quarter earnings of $109.1 million.
The Deerfield, Illinois-based company said it had net income of 77 cents per share. Earnings, adjusted for one-time gains and costs, were 81 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The maker of products for the home, like faucets, cabinets, windows and doors posted revenue of $1.4 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.38 billion.
Fortune Brands Home & Security shares have declined 26% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $48.36, a fall of 8% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBHS at https://www.zacks.com/ap/FBHS
Automated Insights, source Associated Press News