Investing.com - PPG Industries reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PPG Industries announced earnings per share of $1.59 on revenue of $3.76B. Analysts polled by Investing.com anticipated EPS of $1.58 on revenue of $3.58B.
PPG Industries shares are up 4% from the beginning of the year and are trading at $144.33 , down-from-52-week-high.They are outperforming the Dow Jones which is up 1.86% from the start of the year.
PPG Industries shares gained 0.47% 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 Wednesday, who reported EPS of $0.26 on revenue of $2.39B, compared to forecasts EPS of $0.0899 on revenue of $2.37B.
Insteel Industries had beat expectations on Thursday with first quarter EPS of $0.42 on revenue of $119.61M, compared to forecast for EPS of $0.295 on revenue of $102.78M.
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