CLEVELAND (AP) — CLEVELAND (AP) — Sherwin-Williams Co. (SHW) on Tuesday reported first-quarter net income of $477.4 million.

The Cleveland-based company said it had profit of $1.84 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $2.04 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.

The paint and coatings maker posted revenue of $5.44 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $5.15 billion.

Sherwin-Williams expects full-year earnings in the range of $7.95 to $8.65 per share.

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