Sherwin-Williams Co Q4 Profit Increases, beats estimates

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

The company's earnings came in at $386.3 million, or $1.48 per share. This compares with $304.0 million, or $1.15 per share, in last year's fourth quarter.

Excluding items, Sherwin-Williams Co reported adjusted earnings of $1.89 per share for the period.

Analysts on average had expected the company to earn $1.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.9% to $5.23 billion from $4.76 billion last year.

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

-Earnings (Q4): $386.3 Mln. vs. $304.0 Mln. last year. -EPS (Q4): $1.48 vs. $1.15 last year. -Analyst Estimate: $1.86 -Revenue (Q4): $5.23 Bln vs. $4.76 Bln last year.