Sherwin-Williams Up 7% After Earnings
July 23 2019 - 11:55AM
Dow Jones News
By Michael Dabaie
Sherwin-Williams Co. (SHW) shares were up 7% at $485.23 in
heavier-than-average volume.
The Cleveland paint company posted second-quarter adjusted
earnings-per-share of $6.57, compared to $5.73 a share last year.
FactSet consensus was for $6.38.
Revenue came to $4.88 billion, up from $4.77 billion a year ago,
the company said. That fell short of the $4.94 billion analysts
were targeting.
For the third quarter, Sherwin-Williams said it sees
consolidated net sales up by a low single-digit percentage. For
2019, the company guided for consolidated net sales to be up 2% to
4%. The company backed its 2019 adjusted EPS guidance of $20.40 to
$21.40 per share.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
July 23, 2019 11:40 ET (15:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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