Sherwin-Williams Co Q1 Profit Decreases, but beats estimates

(RTTNews) - Sherwin-Williams Co (SHW) announced a profit for first quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line totaled $370.8 million, or $1.41 per share. This compares with $409.6 million, or $1.51 per share, in last year's first quarter.

Excluding items, Sherwin-Williams Co reported adjusted earnings of $1.61 per share for the period.

Analysts on average had expected the company to earn $1.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.3% to $5.00 billion from $4.66 billion last year.

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

-Earnings (Q1): $370.8 Mln. vs. $409.6 Mln. last year. -EPS (Q1): $1.41 vs. $1.51 last year. -Analyst Estimates: $1.55 -Revenue (Q1): $5.00 Bln vs. $4.66 Bln last year.

-Guidance: Full year EPS guidance: Adj; $9.25 - $9.65