Investing.com - PPG Industries reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PPG Industries announced earnings per share of $0.99 on revenue of $3.02B. Analysts polled by Investing.com anticipated EPS of $0.69 on revenue of $2.78B.
PPG Industries shares are down 13% from the beginning of the year and are trading at $117.21 , down-from-52-week-high.They are under-performing the S&P 500 which is down 0.47% from the start of the year.
PPG Industries shares gained 1.77% 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 Sonoco Products on Thursday, who reported EPS of $0.79 on revenue of $1.25B, compared to forecasts EPS of $0.78 on revenue of $1.32B.
Alcoa had beat expectations on Wednesday with second quarter EPS of $-0.02 on revenue of $2.15B, compared to forecast for EPS of $-0.42 on revenue of $2.1B.
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