Shares of Sherwin-Williams tanked on Tuesday after the company warned that its earnings in 2018 came well short of guidance, citing weak sales in North American stores.
The paint maker on Tuesday reported its preliminary results for the fourth quarter and full year 2018. Net income for 2018 is now expected to be $11.15 a share, well below previous guidance of between $13.85 and $14 a share. Shares of the lost more than 6% in Tuesday’s session.
Analysts will often look at the Sherwin-Williams as a barometer for health of the consumer and housing market.
Sherwin-Williams will continue to operate its own
Add your Scripsio!
Comments