Investing.com - Sherwin-Williams (NYSE:SHW) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Sherwin-Williams announced earnings per share of $2.41 on revenue of $5.87B. Analysts polled by Investing.com anticipated EPS of $2.77 on revenue of $6.03B.
Sherwin-Williams shares are down 11.63% from the beginning of the year and are trading at $254.29 , down-from-52-week-high.They are outperforming the Nasdaq which is down 26.09% from the start of the year.
Sherwin-Williams follows other major Materials sector earnings this month
Sherwin-Williams's report follows an earnings matched by Ecolab on Tuesday, who reported EPS of $1.1 on revenue of $3.58B, compared to forecasts EPS of $1.1 on revenue of $3.49B.
Freeport-McMoran had missed expectations on Thursday, July 21, 2022 with second quarter EPS of $0.58 on revenue of $5.42B, compared to forecast for EPS of $0.6163 on revenue of $6.13B.
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