PITTSBURGH (AP) — PITTSBURGH (AP) — PPG Industries Inc. (PPG) on Wednesday reported third-quarter net income of $468 million.
On a per-share basis, the Pittsburgh-based company said it had net income of $2. Earnings, adjusted for amortization costs and non-recurring costs, came to $2.13 per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.
The paint and coatings maker posted revenue of $4.58 billion in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $4.65 billion.
PPG Industries expects full-year earnings in the range of $8.15 to $8.30 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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