Investing.com - Sherwin-Williams (NYSE:SHW) reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Sherwin-Williams announced earnings per share of $1.35 on revenue of $4.76B. Analysts polled by Investing.com anticipated EPS of $1.69 on revenue of $4.77B.
Sherwin-Williams shares are down 12.87% from the beginning of the year and are trading at $306.83 , down-from-52-week-high.They are under-performing the S&P 500 which is down 2.71% from the start of the year.
Sherwin-Williams shares lost 3.33% in intra-day trade the report.
Sherwin-Williams follows other major Materials sector earnings this month
Sherwin-Williams's report follows an earnings missed by RPM on January 5, who reported EPS of $0.79 on revenue of $1.64B, compared to forecasts EPS of $0.8129 on revenue of $1.55B.
Commercial Metals had beat expectations on Monday with first quarter EPS of $1.62 on revenue of $1.98B, compared to forecast for EPS of $1.21 on revenue of $2.05B.
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