Investing.com - Sherwin-Williams (NYSE:SHW) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $6.65 on revenue of $4.87B. Analysts polled by Investing.com expected EPS of $6.47 on revenue of $4.84B. That compared to EPS of $5.68 on revenue of $4.73B in the same period a year earlier. The company had reported EPS of $6.57 on revenue of $4.88B in the previous quarter.
For the year, Sherwin-Williams shares are up 39.89%, outperforming the S&P 500 which is up 21.39% year to date.
Sherwin-Williams follows other major Basic Materials sector earnings this month
On Monday, October 14, 2019, Vale ADR reported third quarter EPS of $0.51 on revenue of $10.33B, compared to forecasts of EPS of $0.52 on revenue of $10.25B.
PPG Industries earnings beat analyst's expectations on Thursday, with third quarter EPS of $1.67 on revenue of $3.83B. Investing.com analysts expected EPS of $1.61 on revenue of $3.89B
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