UPDATE: PPG Posts In-Line Q4 Profit
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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.