Fortune Brands Inc, maker of a range of products including Moen faucets and MasterBrand cabinets, posted higher-than-expected quarterly profit Friday on cost cuts, but lowered its full-year earnings outlook because of the weak economy.
Shares still rose, as a positive report from a realtor trade group heartened investors, who have forced Fortune shares down 51 percent this year due to its exposure to the anemic housing market. Fortune Brands profit tops view but outlook cut
