PPG Industries (PPG)

PPG Industries (NYSE:PPG) today reported sales for the third quarter of $3.2 billion, a decline of 24 percent versus the prior year’s third quarter including a 5 percent decline resulting from a business divestiture in 2008. The company reported net income of $159 million, or 96 cents per share. Adjusted net income was $161 million, or 97 cents per share. Third quarter 2008 sales were $4.2 billion, reported net income was $117 million, or 70 cents per share, and adjusted net income was $227 million, or $1.37 per share.
Earnings beat estimates but company predicts dip later in year.

Oct 15 · 10:54:00 AM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter