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PPG - PPG Industries Inc News Story

$178.29 -0.8  -0.4%

Last Trade - 7:25pm

Basic Materials
Large Cap
Market Cap £30.51bn
Enterprise Value £33.69bn
Revenue £10.31bn
Position in Universe 305th / 6849

BUZZ-PPG Industries: Rises on Q1 results beat

Fri 16th April, 2021 1:50pm
** Shares of industrial coatings supplier  PPG.N  up ~4.5%
at $160.89 before the bell
    ** Co reports Q1 adjusted earnings of $1.88​​/shr, beating
analysts' estimates of $1.56/shr - Refinitiv IBES
    ** Sales volume grew about 7% year-over-year, reflecting
continued, broad global economic recovery, resulting in strong
earnings leverage due to the company's lower cost base, PPG says
    ** Co's Q1 revenue of $3.88 bln beats analysts' estimates of
$3.68 bln
    ** Citigroup and UBS raise their PT for the stock 
    ** Up to Thursday's close, stock had risen ~6.7% YTD

 (Reporting by Sahil Shaw in Bengaluru)
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