PPG Industries Misses Revenue Expectations in Q3 (PPG)

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Global protective and decorative coatings supplier company, PPG Industries, Inc.( PPG ) reported a beat in analyst EPS estimates, but shortfalls on revenue.

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 earnings growth."

PPG Industries shares were mostly flat Thursday morning.

The Bottom Line
Shares of PPG Industries ( PPG ) 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.( PPG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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Referenced Stocks: PPG

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