PPG Industries (PPG) Tops Q1 EPS by 3c

PPG Industries (NYSE: PPG) reported Q1 EPS of $2.37, $0.03 better than the analyst estimate of $2.34. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $3.79 billion.

PPG reported today cash and short-term investments totaling approximately $1.2 billion at quarter-end. In the first quarter, the company repurchased $200 million, or about 860,000 shares, of PPG stock. The company has approximately $1.5 billion remaining of its current share repurchase authorization, which was approved in 2014.

For earnings history and earnings-related data on PPG Industries (PPG) click here.

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