Investing.com - PPG Industries (NYSE:PPG) reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
PPG Industries announced earnings per share of $1.94 on revenue of $4.36B. Analysts polled by Investing.com anticipated EPS of $2.2 on revenue of $4.34B.
PPG Industries shares are up 15% from the beginning of the year and are trading at $153.07 , down-from-52-week-high.They are outperforming the S&P 500 which is up 13.46% from the start of the year.
PPG Industries shares lost 7.71% in after-hours trade following the report.
PPG Industries follows other major Basic Materials sector earnings this month
PPG Industries's report follows an earnings beat by Alcoa on Thursday, who reported EPS of $1.49 on revenue of $2.83B, compared to forecasts EPS of $1.29 on revenue of $2.65B.
H B Fuller had beat expectations on Wednesday, June 23, 2021 with second quarter EPS of $0.94 on revenue of $827.87M, compared to forecast for EPS of $0.9207 on revenue of $764.37M.
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