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PPG Industries Inc. Q1 adjusted earnings Miss Estimates

PPG Industries Inc. (PPG) reported a profit for its first quarter that rose from the same period last year.

The company's earnings came in at $353 million, or $1.40 per share. This compares with $334 million, or $1.29 per share, in last year's first quarter.

Excluding items, PPG Industries Inc. reported adjusted earnings of $350 million or $1.39 per share for the period.

Analysts had expected the company to earn $1.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.6% to $3.79 billion from $3.49 billion last year.

PPG Industries Inc. earnings at a glance:

-Earnings (Q1): $350 Mln. vs. $345 Mln. last year.
-EPS (Q1): $1.39 vs. $1.33 last year.
-Analysts Estimate: $1.41
-Revenue (Q1): $3.79 Bln vs. $3.49 Bln last year.

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