PPG Industries Inc. (PPG) announced a profit for its third quarter that climbed from last year.
The company said its bottom line totaled $439 million, or $1.61 per share. This was up from $394 million, or $1.41 per share, in last year's third quarter.
Analysts had expected the company to earn $1.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 1.8% to $3.87 billion. This was down from $3.94 billion last year.
PPG Industries Inc. earnings at a glance:
-Earnings (Q3): $439 Mln. vs. $394 Mln. last year.
-Earnings Growth (Y-o-Y): 11.4%
-EPS (Q3): $1.61 vs. $1.41 last year.
-EPS Growth (Y-o-Y): 14.2%
-Analysts Estimate: $1.60
-Revenue (Q3): $3.87 Bln vs. $3.94 Bln last year.
-Revenue Change (Y-o-Y): -1.8%
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