PPG Expects Strong First-Quarter Earnings, Plans 2,000 Job Cuts

PPG Industries expects to post first-quarter earnings excluding nonrecurring charges of $1.75-$1.80/share, above the mean estimate of $1.44/share as reported by Thomson Reuters (New York). The company earned $1.40/share in the year-ago quarter. PPG also announced plans to cut 2,000 jobs, mostly in Europe....

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