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UPDATE: PPG Posts In-Line Q4 Profit

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PPG Pays About 28% Of Its Profit As Dividend
Earnings Scheduled For July 21, 2016

PPG Industries (NYSE: PPG) reported a 5.1% rise in its fourth-quarter earnings.

PPG's quarterly profit surged to $227 million, or $1.46 per share, from $216 million, or $1.39 per share, in the year-ago period. Excluding one-time items, PPG earned $1.53 per share.

Its net sales surged 3.7% to $3.65 billion. However, analysts were expecting earnings of $1.53 per share on revenue of $3.59 billion.

PPG shares closed at $142.10 on Friday.

Posted-In: profitEarnings News


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