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 $1.26 on revenue of $4.19B. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $4.05B.
PPG Industries shares are down 6% from the beginning of the year and are trading at $155.95 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 5.95% from the start of the year.
PPG Industries shares lost 2.35% in after-hours trade the report.
PPG Industries follows other major Materials sector earnings this month
PPG Industries's report follows an earnings missed by Sherwin-Williams on January 14, who reported EPS of $1.35 on revenue of $4.76B, compared to forecasts EPS of $1.68 on revenue of $4.76B.
RPM had missed expectations on January 5 with second quarter EPS of $0.79 on revenue of $1.64B, compared to forecast for EPS of $0.8129 on revenue of $1.55B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar