WASHINGTON (dpa-AFX) - PPG Industries Inc. (PPG) reported a profit for first quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $373 million, or $1.63 per share. This compares with $400 million, or $1.69 per share, last year.
Excluding items, PPG Industries Inc. reported adjusted earnings of $396 million or $1.72 per share for the period.
Analysts on average had expected the company to earn $1.62 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 4.3% to $3.684 billion from $3.849 billion last year.
PPG Industries Inc. earnings at a glance (GAAP) :
-Earnings: $373 Mln. vs. $400 Mln. last year. -EPS: $1.63 vs. $1.69 last year. -Revenue: $3.684 Bln vs. $3.849 Bln last year.
-Guidance: Full year EPS guidance: $7.75 to $8.05
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