Investing.com - Sherwin-Williams (NYSE:SHW) reported first quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $3.6 on revenue of $4.04B. Analysts polled by Investing.com forecast EPS of $3.68 on revenue of $4.09B. That compared to EPS of $3.57 on revenue of $3.97B in the same period a year earlier. The company had reported EPS of $3.54 on revenue of $4.06B in the previous quarter.
For the year, Sherwin-Williams shares are up 14.85%, under-performing the S&P 500 which is up 17.4% year to date.
Sherwin-Williams follows other major Basic Materials sector earnings this month
On Thursday, March 28, 2019, Vale ADR reported first quarter EPS of $0.79 on revenue of $9.81B, compared to forecasts of EPS of $0.6 on revenue of $9.98B.
PPG Industries earnings beat analyst's expectations on Thursday, with first quarter EPS of $1.38 on revenue of $3.62B. Investing.com analysts expected EPS of $1.21 on revenue of $3.69B
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