PPG - PPG Industries Stock Falls On Q2 Earnings: The Details | Benzinga
PPG Industries Inc (NYSE:PPG) shares are trading lower in Thursday’s after-hours session after the company reported second-quarter financial results and cut its guidance.
Q2 Earnings: PPG reported second-quarter revenue of $4.794 billion, missing analyst estimates of $4.924, according to Benzinga Pro. The company reported adjusted earnings of $2.50 per share, beating analyst estimates of $2.48 per share.
“Overall organic sales were flat, but grew in many of our businesses, including aerospace coatings, packaging coatings, architectural coatings Americas and Asia Pacific, traffic solutions and specialty coatings and materials,” said Tim Knavish, chairman and CEO of PPG.
“This growth was offset by global automotive builds that weakened as the quarter progressed and global ...