Sherwin-Williams Co Q3 Profit Increases, beats estimates

(RTTNews) - Sherwin-Williams Co (SHW) reported a profit for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $761.5 million, or $2.95 per share. This compares with $685.1 million, or $2.62 per share, in last year's third quarter.

Excluding items, Sherwin-Williams Co reported adjusted earnings of $3.20 per share for the period.

Analysts on average had expected the company to earn $2.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.2% to $6.12 billion from $6.05 billion last year.

Sherwin-Williams Co earnings at a glance (GAAP) :

-Earnings (Q3): $761.5 Mln. vs. $685.1 Mln. last year. -EPS (Q3): $2.95 vs. $2.62 last year. -Analyst Estimate: $2.77 -Revenue (Q3): $6.12 Bln vs. $6.05 Bln last year.

-Guidance: Full year EPS guidance: $10.10 - $10.30