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People & Business :: Earnings/Finance
PPG Posts Profit Gain on Higher Prices
9:49 AM MDT | October 20, 2011 | Rebecca Coons
PPG Industries says third-quarter sales volumes were flat year-on-year, but higher prices pushed profit higher. The company reported net income of $311 million ($1.96/share) for the quarter ended September 30, 19% higher than the year-ago quarter. Analysts expected the company to post earnings of $1.92/share, as reported by Thomson Reuters (New York). Sales increased 9%, to $3.8 billion....
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