UPDATE 1-Masco posts lower Q2 profit, narrows 2009 loss view
* Q2 EPS $0.15 vs $0.23 last year
* Q2 revenue falls 23 pct
* Narrows 2009 loss outlook
* Sees 2009 housing starts down 40 pct
* Shares rise 7 pct
July 27 (Reuters) - Masco Corp (MAS.N: Cotización), a building products maker, posted a lower quarterly profit but narrowed its loss outlook for 2009, sending its shares up 7 percent in after-market trade.
For the second quarter, Masco posted earnings attributable to the company of $55 million, or 15 cents a share, compared with $82 million, or 23 cents a share, a year earlier.
The latest quarter included pre-tax charges of $22 million and $15 million related to various restructuring actions.
Revenue fell 23 percent to $2.04 billion. Continuación...