U.S. Markets closed

Sherwin-Williams shares tank on profit warning in a sign that consumer could be weakening

Yun Li

Sales growth for the fourth quarter is expected to be only 2 percent, well below the Wall Street's estimate of about 5 percent. Shares of Sherwin-Williams SHW tanked on Tuesday after the company warned that its earnings in 2018 came well short of guidance, citing weak sales in North American stores. The paint maker on Tuesday reported its preliminary results for the fourth quarter and full year 2018.