Sherwin-Williams jumps 7.5% on strong earnings and raised profit forecast

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Sherwin-Williams shares surged 7.5% after the paint and coatings manufacturer reported second-quarter adjusted earnings of $3.70 per share on revenue of $6.79 billion, beating Wall Street estimates. Revenue rose 7.5% from a year earlier. The company also raised its full-year adjusted EPS guidance to a midpoint of $12. The stock is now up 7.8% year-to-date and trading near its 52-week high.

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