Investing.com - Sherwin-Williams (NYSE:SHW) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sherwin-Williams announced earnings per share of $2.09 on revenue of $5.15B. Analysts polled by Investing.com anticipated EPS of $2.13 on revenue of $5.09B.
Sherwin-Williams shares are up 26.43% from the beginning of the year and are trading at $309.72 , down-from-52-week-high.They are outperforming the S&P 500 which is up 21.58% from the start of the year.
Sherwin-Williams follows other major Basic Materials sector earnings this month
Sherwin-Williams's report follows an earnings beat by Freeport-McMoran on Thursday, who reported EPS of $0.89 on revenue of $6.08B, compared to forecasts EPS of $0.8088 on revenue of $6.18B.
Dow had beat expectations on Thursday with third quarter EPS of $2.75 on revenue of $14.84B, compared to forecast for EPS of $2.56 on revenue of $14.33B.
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