PPG Industries: 3Q Earnings Snapshot

PITTSBURGH (AP) _ PPG Industries Inc. (PPG) on Thursday reported third-quarter earnings of $378 million.

On a per-share basis, the Pittsburgh-based company said it had profit of $1.55. Earnings, adjusted for one-time gains and costs, were $1.45 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The paint and coatings maker posted revenue of $3.82 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $3.79 billion.

PPG Industries shares have declined 16 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 5 percent. The stock has decreased 13 percent in the last 12 months.

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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