* Q2 adj EPS $0.84 vs est EPS $0.82
* Q2 rev up 4 pct
* Sees FY12 adj EPS $3.20-$3.30 vs est $3.18
May 15 Paint and coatings maker Valspar Corp
posted a quarterly profit above analysts' expectations
for the seventh straight quarter, boosted by increased prices
that offset high raw material costs, and raised its forecast for
The company said it now expects an adjusted profit of $3.20
to $3.30 per share for the year ending October 2012. It had
raised its forecast to $2.87 to $3.07 per share in February.
Analysts were expecting full-year earnings of $3.18 per
share, according to Thomson Reuters I/B/E/S.
For the second quarter, the company posted a net profit of
$76.5 million, or 80 cents per share, compared with $56.3
million, or 58 cents per share, last year.
Excluding items, Valspar earned 84 cents a share.
Revenue rose 4 percent to $1.03 billion.
Analysts had expected earnings of 82 cents per share on
revenue of $1.07 billion.
Shares of the Minneapolis-based company, which have risen 13
percent in last three months, closed at $49.78 on Monday on the
New York Stock Exchange. They touched a year high of $52.96 last