Investing.com - Sherwin-Williams (NYSE:SHW) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $6.57 on revenue of $4.88B. Analysts polled by Investing.com forecast EPS of $6.39 on revenue of $4.94B. That compared to EPS of $4.82 on revenue of $4.77B in the same period a year earlier. The company had reported EPS of $3.6 on revenue of $4.04B in the previous quarter.
For the year, Sherwin-Williams shares are up 15.54%, under-performing the S&P 500 which is up 20.51% year to date.
Sherwin-Williams follows other major Basic Materials sector earnings this month
On Thursday, PPG Industries reported second quarter EPS of $1.85 on revenue of $4.02B, compared to forecasts of EPS of $1.83 on revenue of $4.1B.
Nucor earnings missed analyst's expectations on Thursday, with second quarter EPS of $1.18 on revenue of $5.9B. Investing.com analysts expected EPS of $1.29 on revenue of $5.99B
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