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PPG Industries: 4Q Earnings Snapshot

PITTSBURGH (AP) _ PPG Industries Inc. (PPG) on Thursday reported fourth-quarter earnings of $292 million.

The Pittsburgh-based company said it had profit of $1.22 per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to $1.31 per share.

The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.

The paint and coatings maker posted revenue of $3.67 billion in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $3.66 billion.

For the year, the company reported profit of $1.24 billion, or $5.22 per share. Revenue was reported as $15.15 billion.

PPG Industries shares have decreased 2% since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 2%. The stock has increased 29% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PPG at https://www.zacks.com/ap/PPG