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PPG Industries Inc. Q2 adjusted earnings Beat Estimates

PPG Industries Inc. (PPG) revealed earnings for second quarter that dropped from the same period last year.

The company's bottom line came in at $102 million, or $0.43 per share. This compares with $272 million, or $1.14 per share, in last year's second quarter.

Excluding items, PPG Industries Inc. reported adjusted earnings of $235 million or $0.99 per share for the period.

Analysts had expected the company to earn $0.71 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 24.9% to $3.02 billion from $4.02 billion last year.

PPG Industries Inc. earnings at a glance:

-Earnings (Q2): $235 Mln. vs. $441 Mln. last year.
-EPS (Q2): $0.99 vs. $1.85 last year.
-Analysts Estimate: $0.71
-Revenue (Q2): $3.02 Bln vs. $4.02 Bln last year.

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