PPG Industries: Q3 Earnings Snapshot

PITTSBURGH (AP) — PITTSBURGH (AP) — PPG Industries Inc. (PPG) on Wednesday reported third-quarter earnings of $426 million.

On a per-share basis, the Pittsburgh-based company said it had net income of $1.79. Earnings, adjusted for amortization costs and non-recurring costs, were $2.07 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.

The paint and coatings maker posted revenue of $4.64 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $4.62 billion.

For the current quarter ending in December, PPG Industries expects its per-share earnings to range from $1.44 to $1.50. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.33.

The company expects full-year earnings in the range of $7.58 to $7.64 per share.

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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