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Stock impact report

PPG Industries' Earnings Lag Estimates in Q4, Revenues Up Y/Y [Yahoo! Finance]

PPG Industries, Inc. (PPG) 
Last ppg industries, inc. earnings: 4/27 04:20 pm Check Earnings Report
US:NYSE Investor Relations: investor.ppg.com
Company Research Source: Yahoo! Finance
In the fourth quarter, excluding one-time items, adjusted earnings per share were $1.51, down from $1.61 in the year-ago quarter, missing the Zacks Consensus Estimate of $1.57. The company's revenues were $3,914 million in the quarter, up 5% year over year. The top line beat the Zacks Consensus Estimate of $3,744.6 million. PPG Industries, Inc. price-consensus-eps-surprise-chart | PPG Industries, Inc. Quote In the fourth quarter, the Global Architectural Coatings segment saw an 8% year-over-year rise in sales to $951 million. It topped our estimate of $882.8 million. The upside is driven by higher selling prices and a benefit from foreign currency translation. This was partly offset by the divestiture of the architectural coatings business in Russia. The Performance Coatings segment saw a 5% year-over-year increase in sales to $1,322 million. It surpassed our estimate of $1,221 million. Net sales in the Performance Coatings segment rose primarily due to higher selling prices Show less Read more
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