Investing.com - Sherwin-Williams (NYSE:SHW) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Sherwin-Williams announced earnings per share of $2.65 on revenue of $5.38B. Analysts polled by Investing.com anticipated EPS of $2.67 on revenue of $5.38B.
Sherwin-Williams shares are up 16.54% from the beginning of the year and are trading at $285.48 , down-from-52-week-high.They are under-performing the S&P 500 which is up 17.74% from the start of the year.
Sherwin-Williams follows other major Materials sector earnings this month
Sherwin-Williams's report follows an earnings beat by Freeport-McMoran on Thursday, who reported EPS of $0.77 on revenue of $5.75B, compared to forecasts EPS of $0.7605 on revenue of $5.73B.
Southern Copper had beat expectations on Monday with second quarter EPS of $1.21 on revenue of $2.9B, compared to forecast for EPS of $1.16 on revenue of $2.78B.
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