PPG Industries Inc. Q2 Profit Increases, beats estimates

(RTTNews) - PPG Industries Inc. (PPG) revealed earnings for its second quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $443 million, or $1.86 per share. This compares with $431 million, or $1.80 per share, in last year's second quarter.

Excluding items, PPG Industries Inc. reported adjusted earnings of $430 million or $1.81 per share for the period.

Analysts on average had expected the company to earn $1.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.6% to $4.69 billion from $4.36 billion last year.

PPG Industries Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $443 Mln. vs. $431 Mln. last year. -EPS (Q2): $1.86 vs. $1.80 last year. -Analyst Estimate: $1.74 -Revenue (Q2): $4.69 Bln vs. $4.36 Bln last year.

-Guidance: Full year EPS guidance: $1.75 to $2.00