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Sherwin-Williams Trims Full-Year Guidance, Beats Q3 Forecast

Sherwin-Williams (SHW) fiscal third quarter earnings rose 12% as sales improved across all of its groups. For the latest period, the Company posted a profit of $263 million or $2.55 a share compared to $235 million or $2.24 a share, in the year-ago period. Sales climbed 9.4% to $2.85 billion. In July, the Company projected earnings to be in the range of $2.55 to $2.65 a share on revenue growth of 6% to 9%. However, Sherwin-Williams trimmed its full-year earnings guidance to $7 to $7.30 a share from its previous forecast of $7.45 to $7.55 a share. Revenue is expected to show a mid-single digit percentage growth.

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