Plus   Neg

PPG Industries Inc. Q4 adjusted earnings Beat Estimates

PPG Industries Inc. (PPG) released a profit for fourth quarter that dropped from last year.

The company's profit totaled $272 million, or $1.14 per share. This compares with $292 million, or $1.22 per share, in last year's fourth quarter.

Excluding items, PPG Industries Inc. reported adjusted earnings of $378 million or $1.59 per share for the period.

Analysts had expected the company to earn $1.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.5% to $3.76 billion from $3.67 billion last year.

PPG Industries Inc. earnings at a glance:

-Earnings (Q4): $378 Mln. vs. $313 Mln. last year.
-EPS (Q4): $1.59 vs. $1.31 last year.
-Analysts Estimate: $1.58
-Revenue (Q4): $3.76 Bln vs. $3.67 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT