Sherwin-Williams Drops on Disappointing Outlook

Sherwin-Williams Drops on Disappointing Outlook

Business
January 26, 2023 by secret
161
[ad_1] Sherwin-Williams stock lost ground early Thursday after the manufacturer of coatings reported slightly higher earnings than expected but issued a disappointing forecast for its full-year profit due to challenges within the housing market. Sherwin-Williams (ticker: SHW) posted fourth-quarter diluted earnings of $1.89 per share, while analysts surveyed by FactSet had anticipated $1.86 a share.