Investing.com - Sherwin-Williams (NYSE:SHW) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sherwin-Williams announced earnings per share of $8.29 on revenue of $5.12B. Analysts polled by Investing.com anticipated EPS of $7.78 on revenue of $5.07B.
Sherwin-Williams shares are up 14.88% from the beginning of the year, still down 7.47% from its 52 week high of $724.50 set on September 15. They are outperforming the S&P 500 which is up 5.27% from the start of the year.
Sherwin-Williams follows other major Basic Materials sector earnings this month
Sherwin-Williams's report follows an earnings beat by Dow on Thursday, who reported EPS of $0.5 on revenue of $9.71B, compared to forecasts EPS of $0.32 on revenue of $9.5B.
PPG Industries had beat expectations on October 19 with third quarter EPS of $1.93 on revenue of $3.69B, compared to forecast for EPS of $1.83 on revenue of $3.66B.
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