UPDATE: PPG Posts In-Line Q4 Profit

PPG Industries

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.