PITTSBURGH (AP) — PITTSBURGH (AP) — PPG Industries Inc. (PPG) on Tuesday reported first-quarter profit of $373 million.
On a per-share basis, the Pittsburgh-based company said it had profit of $1.63. Earnings, adjusted for one-time gains and costs, came to $1.72 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share.
The paint and coatings maker posted revenue of $3.68 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $3.66 billion.
PPG Industries expects full-year earnings in the range of $7.75 to $8.05 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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