logo
Plus   Neg
Share
Email

PPG Industries Backs FY19 Outlook - Quick Facts

While reporting financial results for the first quarter, PPG Industries, Inc. (PPG) on Thursday backed its adjusted earnings and sales growth guidance for the full-year 2019. The company also provided earnings outlook for the second quarter.

For fiscal 2019, the company still targets adjusted earnings per share growth of 7 to 10 percent and sales growth of 3 to 5 percent, both excluding currency translation impacts.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.24 per share on sales growth of 1.9 percent to $15.66 billion for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company currently expects earnings to be in the range of $1.76 to $1.86 per share, including unfavorable currency translation impacts similar to those realized in the first quarter. Analysts expect earnings of $1.86 per share for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
A survey has shown that while a majority of Americans want to buy a car that contributes substantially to the U.S. economy amid rising trade tensions, most of the "American-made" cars are actually produced by foreign automakers. According to Cars.com's 2019 American-Made Index, the most 'American-made' vehicle in 2019 is the Jeep Cherokee. Streaming giant Netflix Inc. (NFXL) is set to lose the right to stream "The Office," one of the most popular TV show on the service. NBC Universal announced it is taking back the popular TV show for its own streaming platform, beginning January 2021. "We're sad that NBC has decided to take The... Chinese smartphone maker Xiaomi has announced that its recently launched Mi Band 4 crossed 1 million units sales in just eight days. Xiaomi's Director of Product Management Donovan Sung tweeted this news as he thanked Mi fans for the achievement. "Sharing some great news with our global Mi Fans....
Follow RTT