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Sherwin-Williams: Q4 Earnings Snapshot

CLEVELAND (AP) — CLEVELAND (AP) — Sherwin-Williams Co. (SHW) on Thursday reported fourth-quarter earnings of $480.1 million.

The Cleveland-based company said it had profit of $1.90 per share. Earnings, adjusted for amortization costs, were $2.09 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.

The paint and coatings maker posted revenue of $5.3 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $5.31 billion.

For the year, the company reported profit of $2.68 billion, or $10.55 per share. Revenue was reported as $23.1 billion.

Sherwin-Williams expects full-year earnings in the range of $11.65 to $12.05 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHW at https://www.zacks.com/ap/SHW

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