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PPG earnings beat estimates on strong sales

8:49 AM MDT | July 17, 2014 | Vincent Valk

PPG Industries today reported second quarter net income from continuing operations up 24% year-on-year (YOY), to $393 million, or $2.80/share, on sales up 5%, to $4.1 billion. Adjusted earnings rose 24% YOY, to $2.83/share, ahead of analysts’ consensus estimate of $2.77/share, as reported by Thomson Reuters (New York). “The benefits of our new business portfolio are measurable, as our adjusted earnings per share from continuing operations increased 24 percent this quarter, with an average quarterly increase the past six quarters of more than 30...

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