CLEVELAND — Sherwin-Williams Co. today reported second-quarter earnings of $577.9 million.
The company said it had net income of $2.21 per share. Earnings, adjusted for non-recurring costs, came to $2.41 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.81 per share.
The paint and coatings maker posted revenue of $5.87 billion in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $5.99 billion.
Sherwin-Williams expects full-year earnings in the range of $8.50 to $8.80 per share.