Consumer goods company Fortune Brands Inc (FO.N) reported lower earnings from continuing operations on Thursday, hurt by a weaker-than-expected market for home doors and windows. Earnings from continuing operations, which exclude the golf business the company recently sold, were 71 cents before one-time items, down from 74 cents a year earlier. The maker of Jim Beam bourbon and Moen faucets said net income was $330 million, or $2.09 per share, compared with $229.4 million, or $1.49 a share per share, a year earlier. Sales from continuing operations rose 5 percent to $1.59 billion.
Fortune Brands, Inc. is a holding company with operating companies engaged in the manufacture and sale products, such as distilled spirits, home and security products, and golf products. Shares of FO remained unchanged at $57.94. In the past year, the shares have traded as low as $42.19 and as high as $65.48. On average, 812760 shares of FO exchange hands on a given day and today's volume is recorded at 0.
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