Global protective and decorative coatings supplier company, PPG
) reported a beat in analyst EPS estimates, but shortfalls on
The Pittsburgh, PA based company reported third quarter earnings
of $2.24, beating analysts predictions of $2.20. However, the
company missed revenue expectations slightly coming in at $3.85
billion, compared to analysts estimates of $3.91 billion.
The company's CEO Charles Bunch noted, "we delivered record
third quarter earnings per share despite uneven demand among
regions and end-use markets. Our coatings segments drove the record
performance on improved local currency sales and 20 percent
PPG Industries shares were mostly flat Thursday morning.
The Bottom Line
Shares of PPG Industries (
) have a 1.98% dividend yield, based on last night's closing stock
price of $118.97. The stock has technical support in the $110-$111
price area. The shares are trading at all-time highs.
PPG Industries, Inc.(
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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