PPG Industries: Q1 Earnings Snapshot
By AP News
Published - Apr 20, 2023, 04:36 PM ET
Last Updated - Jun 22, 2023, 05:14 AM EDT
PITTSBURGH (AP) — PITTSBURGH (AP) — PPG Industries Inc. (PPG) on Thursday reported first-quarter earnings of $264 million.
The Pittsburgh-based company said it had net income of $1.11 per share. Earnings, adjusted for non-recurring costs, were $1.82 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.
The paint and coatings maker posted revenue of $4.38 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $4.49 billion.
