Investing.com - Sherwin-Williams (NYSE:SHW) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sherwin-Williams announced earnings per share of $1.61 on revenue of $5B. Analysts polled by Investing.com anticipated EPS of $1.54 on revenue of $4.91B.
Sherwin-Williams shares are down 29.57% from the beginning of the year and are trading at $248.02 , down-from-52-week-high.They are under-performing the S&P 500 which is down 9.86% 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 $1.07 on revenue of $6.6B, compared to forecasts EPS of $0.9308 on revenue of $6.44B.
Newmont Goldcorp had missed expectations on Friday with first quarter EPS of $0.69 on revenue of $3.02B, compared to forecast for EPS of $0.7143 on revenue of $3.08B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar