PPG Industries Inc. Q3 adjusted earnings Inline With Estimates

(RTTNews) - PPG Industries Inc. (PPG) released a profit for third quarter that declined from last year.

The company's earnings totaled $378 million, or $1.55 per share. This compares with $610 million, or $2.36 per share, in last year's third quarter.

Excluding items, PPG Industries Inc. reported adjusted earnings of $353 million or $1.45 per share for the period.

Analysts had expected the company to earn $1.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.1% to $3.82 billion from $3.78 billion last year.

PPG Industries Inc. earnings at a glance:

-Earnings (Q3): $353 Mln. vs. $393 Mln. last year. -EPS (Q3): $1.45 vs. $1.52 last year. -Analysts Estimate: $1.45 -Revenue (Q3): $3.82 Bln vs. $3.78 Bln last year.

-Guidance: Next quarter EPS guidance: $1.03 to $1.13