PITTSBURGH (AP) — PITTSBURGH (AP) — PPG Industries Inc. (PPG) on Tuesday reported second-quarter earnings of $450 million.
The Pittsburgh-based company said it had profit of $1.98 per share. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, came to $2.22 per share.
The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of $2.22 per share.
The paint and coatings maker posted revenue of $4.2 billion in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $4.13 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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