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Sherwin-Williams: 3Q Earnings Snapshot

CLEVELAND (AP) _ Sherwin-Williams Co. (SHW) on Thursday reported third-quarter earnings of $354 million.

On a per-share basis, the Cleveland-based company said it had net income of $3.72. Earnings, adjusted for non-recurring costs, were $5.68 per share.

The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $5.71 per share.

The paint and coatings maker posted revenue of $4.73 billion in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $4.78 billion.

Sherwin-Williams expects full-year earnings in the range of $19.05 to $19.20 per share.

Sherwin-Williams shares have declined slightly more than 5 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased roughly 1 percent. The stock has fallen slightly in the last 12 months.


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