Sherwin-Williams Beat Earnings Forecasts. Why the Stock Is Sliding.

Sherwin-Williams painted a sobering picture of customer demand as a bleak outlook overshadowed stronger-than-expected sales and profit. Sherwin-Williams posted adjusted earnings of $2.35 a share, ahead of the $2.27 analysts had projected. Shares initially headed higher after the report but reversed course in the regular session, dropping 2.2%.