Friday, October 7, 2016

PPG To Report Q3 Profit Below Estimates; Plans To Reduce Cost Structure

PPG Industries Inc. (PPG) announced the company expects its third-quarter reported loss per share from continuing operations to be in the range of $0.74 to $0.77 compared to profit per share from continuing operations of $1.52 in the third quarter 2015. Reported earnings include pension settlement charges that totaled $2.31 per share in third quarter 2016. Adjusted earnings from continuing operations for the third quarter are expected to be in the range of $1.54 to $1.57 per share, compared to $1.54 per share in the prior year's quarter. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.71. Analysts' estimates typically exclude special items.

from RTT - Earnings http://ift.tt/2dzRpBa
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