Sherwin-Williams: Q2 Earnings Snapshot
CLEVELAND (AP) — CLEVELAND (AP) — Sherwin-Williams Co. (SHW) on Tuesday reported second-quarter profit of $889.9 million.
On a per-share basis, the Cleveland-based company said it had net income of $3.50. Earnings, adjusted for costs related to mergers and acquisitions, came to $3.70 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.51 per share.
The paint and coatings maker posted revenue of $6.27 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $6.35 billion.
Sherwin-Williams expects full-year earnings in the range of $11.10 to $11.40 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHW at https://www.zacks.com/ap/SHW