[Ppg Industries] Quarterly Earnings Results Announced

It was announced in July that PPG fell more than 3% following the company's release of its Q2 financial results. The EPS of US$ 1.67 was US$ 0.03% higher than expectations, and was an all-time record high for the company, while revenues of US$ 4.1BN were US$ 60M short of estimates, despite representing a 0.05% increase on a year-on-year basis. Sales growth was lower, owing to macroeconomic weakness, especially in South America. According to Charles E Bunch, CEO, sales growth improved in Europe and the US, and moderated in Asia. Overall, both the coatings and glass segments posted strong results, despite currency headwinds.