Investing.com - PPG Industries reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PPG Industries announced earnings per share of $1.88 on revenue of $3.88B. Analysts polled by Investing.com anticipated EPS of $1.57 on revenue of $3.67B.
PPG Industries shares are up 6% from the beginning of the year and are trading at $153.98 , down-from-52-week-high.They are under-performing the S&P 500 which is up 11% from the start of the year.
PPG Industries follows other major Basic Materials sector earnings this month
PPG Industries's report follows an earnings missed by Royal Gold on Tuesday, who reported EPS of $0.765 on revenue of $147M, compared to forecasts EPS of $0.79 on revenue of $147.75M.
Alcoa had beat expectations on Thursday with first quarter EPS of $0.79 on revenue of $2.87B, compared to forecast for EPS of $0.4079 on revenue of $2.64B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar