CLEVELAND (AP) — CLEVELAND (AP) — Sherwin-Williams Co. (SHW) on Tuesday reported third-quarter earnings of $806.2 million.
The Cleveland-based company said it had net income of $3.18 per share. Earnings, adjusted for amortization costs, came to $3.37 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.56 per share.
The paint and coatings maker posted revenue of $6.16 billion in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $6.23 billion.
Sherwin-Williams expects full-year earnings in the range of $11.10 to $11.40 per share.
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