Sherwin-Williams Co (SHW) announced earnings for fourth quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $304 million, or $1.15 per share. This compares with $407 million, or $1.49 per share, in last year's fourth quarter.
Excluding items, Sherwin-Williams Co reported adjusted earnings of $1.34 per share for the period.
Analysts on average had expected the company to earn $1.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 6.0% to $4.76 billion from $4.49 billion last year.
Sherwin-Williams Co earnings at a glance (GAAP) :
-Earnings (Q4): $304 Mln. vs. $407 Mln. last year.
-EPS (Q4): $1.15 vs. $1.49 last year.
-Analyst Estimates: $1.38
-Revenue (Q4): $4.76 Bln vs. $4.49 Bln last year.
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