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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.