Sherwin-Williams Co Q2 Profit Decreases, Misses Estimates

(RTTNews) - Sherwin-Williams Co (SHW) reported earnings for second quarter that Decreased from last year and missed the Street estimates.

The company's earnings totaled $754.7 million, or $3.00 per share. This compares with $889.9 million, or $3.50 per share, last year.

Excluding items, Sherwin-Williams Co reported adjusted earnings of $3.38 per share for the period.

Analysts on average had expected the company to earn $3.81 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 0.7% to $6.314 billion from $6.271 billion last year.

Sherwin-Williams Co earnings at a glance (GAAP) :

-Earnings: $754.7 Mln. vs. $889.9 Mln. last year. -EPS: $3.00 vs. $3.50 last year. -Revenue: $6.314 Bln vs. $6.271 Bln last year.

-Guidance: Full year EPS guidance: $11.20 to $11.50