Sherwin-Williams Up 7% After Earnings

Date : 07/23/2019 @ 3:55PM
Source : Dow Jones News
Stock : Sherwin Williams (SHW)
Quote : 575.73  -1.08 (-0.19%) @ 4:21PM

Sherwin-Williams Up 7% After Earnings

Sherwin Williams (NYSE:SHW)
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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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