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PPG Industries Inc. Q1 adjusted earnings of $1.38 per share

PPG Industries Inc. (PPG) revealed earnings for first quarter that dropped from last year.

The company's profit totaled $312 million, or $1.31 per share. This compares with $334 million, or $1.33 per share, in last year's first quarter.

Excluding items, PPG Industries Inc. reported adjusted earnings of $330 million or $1.38 per share for the period.

The company's revenue for the quarter fell 4.2% to $3.62 billion from $3.78 billion last year.

PPG Industries Inc. earnings at a glance:

-Earnings (Q1): $330 Mln. vs. $357 Mln. last year.
-EPS (Q1): $1.38 vs. $1.42 last year.
-Revenue (Q1): $3.62 Bln vs. $3.78 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.76 to $1.86

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