CLEVELAND (AP) 鈥� CLEVELAND (AP) 鈥� Sherwin-Williams Co. (SHW) on Tuesday reported first-quarter profit of $534.7 million.
On a per-share basis, the Cleveland-based company said it had net income of $2.15. Earnings, adjusted for amortization costs, came to $2.35 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.
The paint and coatings maker posted revenue of $5.67 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $5.57 billion.
Sherwin-Williams expects full-year earnings in the range of $11.50 to $11.90 per share.
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