PPG Industries: Q3 Earnings Snapshot

PITTSBURGH (AP) — PITTSBURGH (AP) — PPG Industries Inc. (PPG) on Wednesday reported third-quarter earnings of $426 million.

On a per-share basis, the Pittsburgh-based company said it had net income of $1.79. Earnings, adjusted for amortization costs and non-recurring costs, were $2.07 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.

The paint and coatings maker posted revenue of $4.64 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $4.62 billion.