Industrial paintmaker Sherwin-Williams missed third-quarter profit estimates on Tuesday, hurt by lower sales in its segments that cater to the housing, automotive and aerospace sectors, sending its shares down more than 4% before the bell.

Sherwin-Williams Q3 earnings fell short of expectations, but strategic growth initiatives continue to show promise.

Sherwin-Williams ( NYSE: SHW) fell as much as 4.7% on Tuesday after the paint and coatings company said demand is still uneven and the positive effects of lower interest rates have yet to be seen. U.S. stock indexes by comparison were little changed.

Q3 2024 Earnings Call Transcript October 22, 2024 The Sherwin-Williams Company misses on earnings expectations. Reported EPS is $3.37 EPS, expectations were $3.54. Operator: Good morning. Thank you for joining the Sherwin-Williams Company Review of the Third Quarter 2024 Results and our Outlook for the Fourth Quarter and Full Year of

Shares of paint and coatings supplier Sherwin-Williams ( SHW 0.37%) dropped as much as almost 5% after it reported third-quarter earnings today. The company missed Wall Street analyst expectations for both earnings per share and revenue.

Shares of Sherwin-Williams were trading lower after the paints and coatings company filed disappointing quarterly results. Sherwin stock fell 5.2% to $362.01 in premarket trading Tuesday, while futures tracking the S&P 500 are down 0.

The Sherwin-Williams Company SHW logged third-quarter 2024 earnings (as reported) of $3.18 per share, up around 7.8% from $2.95 in the year-ago quarter. Barring one-time items, adjusted earnings in the reported quarter were $3.

Sherwin-Williams' investment in the residential repaint market is crucial for stability and growth. Read more on SHW stock update.