Investing.com - PPG Industries reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
PPG Industries announced earnings per share of $1.94 on revenue of $4.36B. Analysts polled by Investing.com anticipated EPS of $2.2 on revenue of $4.34B.
PPG Industries shares are up 15% from the beginning of the year and are trading at $153.07 , down-from-52-week-high.They are outperforming the S&P 500 which is up 13.46% from the start of the year.
PPG Industries shares lost 7.71% in after-hours trade the report.
PPG Industries follows other major Basic Materials sector earnings this month
PPG Industries's report follows an earnings beat by Alcoa on Thursday, who reported EPS of $1.49 on revenue of $2.83B, compared to forecasts EPS of $1.29 on revenue of $2.65B.
H B Fuller had beat expectations on June 23 with second quarter EPS of $0.94 on revenue of $827.87M, compared to forecast for EPS of $0.9207 on revenue of $764.37M.
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