CLEVELAND (AP) _ Sherwin-Williams Co. (SHW) on Tuesday reported second-quarter net income of $595.9 million.
On a per-share basis, the Cleveland-based company said it had profit of $6.48. Earnings, adjusted for costs related to mergers and acquisitions, were $7.10 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.69 per share.
The paint and coatings maker posted revenue of $4.6 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $4.56 billion.
Sherwin-Williams expects full-year earnings in the range of $21.75 to $23.25 per share.
Sherwin-Williams shares have risen 7% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased 23% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHW at https://www.zacks.com/ap/SHW
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