PITTSBURGH (AP) — PITTSBURGH (AP) — PPG Industries Inc. (PPG) on Thursday reported first-quarter profit of $400 million.
The Pittsburgh-based company said it had profit of $1.69 per share. Earnings, adjusted for amortization costs and restructuring costs, came to $1.86 per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of $1.86 per share.
The paint and coatings maker posted revenue of $4.31 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $4.43 billion.
For the current quarter ending in June, PPG Industries expects its per-share earnings to range from $2.42 to $2.52.
The company expects full-year earnings in the range of $8.34 to $8.59 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
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