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Valspar Profit Hurt By Falling Demand

Stock quotes in this article: VAL  

Paint- and coatings-maker Valspar(VAL Quote) saw a 24% drop in second-quarter earnings, as demand waned.

During the quarter, the company earned $31.1 million, or 28 cents per share, compared with $40.8 million, or 38 cents, a year earlier.

Excluding one-time costs for restructuring and other items, Valspar earned 36 cents per share, matching analysts' target. ...

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