Sherwin-Williams reported third quarter earnings that missed analyst's expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $5.68 on revenue of $4.73B. Analysts polled by anticipated EPS of $5.78 on revenue of $4.83B. That compared to EPS of $4.75 on revenue of $4.51B in the same period a year earlier. The company had reported EPS of $4.82 on revenue of $4.77B in the previous quarter.
For the year, Sherwin-Williams shares are down 5.53%, under-performing the S&P 500 which is down 1.03% year to date.
Sherwin-Williams follows other major Basic Materials sector earnings this month
On October 18, PPG Industries (NYSE:PPG) reported third quarter EPS of $1.45 on revenue of $3.82B, compared to forecasts of EPS of $1.47 on revenue of $3.85B.
Akzo Nobel NV earnings beat analyst's expectations on October 17, with third quarter EPS of $0.48 on revenue of $2.68B. analysts expected EPS of $0.33 on revenue of $2.85B
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