Investing.com - PPG Industries (NYSE:PPG) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
PPG Industries announced earnings per share of $1.81 on revenue of $4.69B. Analysts polled by Investing.com anticipated EPS of $1.74 on revenue of $4.7B.
PPG Industries shares are down 37% from the beginning of the year and are trading at $123.50 , down-from-52-week-high.They are under-performing the Nasdaq which is down 22.92% from the start of the year.
PPG Industries shares gained 0.45% in after-hours trade after the report.
PPG Industries follows other major Materials sector earnings this month
PPG Industries's report follows an earnings missed by Freeport-McMoran on Thursday, who reported EPS of $0.58 on revenue of $5.42B, compared to forecasts EPS of $0.7033 on revenue of $6.24B.
Dow had beat expectations on Thursday with second quarter EPS of $2.31 on revenue of $15.66B, compared to forecast for EPS of $2.14 on revenue of $15.54B.
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