Investing.com - PPG Industries (NYSE:PPG) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PPG Industries announced earnings per share of $1.37 on revenue of $4.31B. Analysts polled by Investing.com anticipated EPS of $1.12 on revenue of $4.25B.
PPG Industries shares are down 18% from the beginning of the year and are trading at $133.75 , down-from-52-week-high.They are under-performing the S&P 500 which is down 7.81% from the start of the year.
PPG Industries shares gained 0.41% in after-hours trade following the report.
PPG Industries follows other major Materials sector earnings this month
PPG Industries's report follows an earnings beat by Freeport-McMoran on Thursday, who reported EPS of $1.07 on revenue of $6.6B, compared to forecasts EPS of $0.8823 on revenue of $6.35B.
Dow had beat expectations on Thursday with first quarter EPS of $2.34 on revenue of $15.26B, compared to forecast for EPS of $2.01 on revenue of $14.42B.
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