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Fortune Brands Home & Security (FBHS +10%) pops after Q3 results handily beat estimates late...
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Wednesday, October 24, 2012, 12:15 PM ETFortune Brands Home & Security (FBHS +10%) pops after Q3 results handily beat estimates late yesterday. Net income jumped as new construction spurred higher sales across virtually all its business segments. Its bottom line was also boosted by better cost controls, widening to 33.3% from 30.2%. The company raised its FY12 earnings outlook based on an optimistic view of a housing recovery, now expecting to earn to between $0.86 to $0.88 per share, up from July's projection of $0.77 to $0.87.
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