DEERFIELD, Ill. (AP) _ Fortune Brands Home & Security Inc. (FBHS) on Thursday reported first-quarter profit of $75 million.
On a per-share basis, the Deerfield, Illinois-based company said it had profit of 49 cents. Earnings, adjusted for pretax expenses and restructuring costs, were 56 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The maker of products for the home, like faucets, cabinets, windows and doors posted revenue of $1.25 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $1.26 billion.
Fortune Brands Home & Security expects full-year earnings in the range of $3.58 to $3.70 per share.
Fortune Brands Home & Security shares have declined 17 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $56.69, a decrease of 14 percent in the last 12 months.