PPG Industries Inc. Q2 adjusted earnings Beat Estimates

PPG Industries Inc. (PPG) revealed earnings for second quarter that decreased from last year.

The company's earnings totaled $272 million, or $1.14 per share. This compares with $371 million, or $1.51 per share, in last year's second quarter.

Excluding items, PPG Industries Inc. reported adjusted earnings of $441 million or $1.85 per share for the period.

Analysts had expected the company to earn $1.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.7% to $4.02 billion from $4.13 billion last year.

PPG Industries Inc. earnings at a glance:

-Earnings (Q2): $441 Mln. vs. $468 Mln. last year.
-EPS (Q2): $1.85 vs. $1.90 last year.
-Analysts Estimate: $1.82
-Revenue (Q2): $4.02 Bln vs. $4.13 Bln last year.

Next quarter EPS guidance: $1.57 to $1.67

For comments and feedback contact: editorial@rttnews.com

Follow RTT