PPG Indus Q2 2024 Adj EPS $2.50 Beats $2.48 Estimate, Sales $4.794B Miss $4.924B Estimate
Portfolio Pulse from Benzinga Newsdesk
PPG Industries (NYSE:PPG) reported Q2 2024 adjusted EPS of $2.50, beating the estimate of $2.48, but sales of $4.794 billion missed the $4.924 billion estimate. EPS increased by 11.11% year-over-year, while sales decreased by 1.60%.
July 18, 2024 | 8:06 pm
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PPG Industries reported Q2 2024 adjusted EPS of $2.50, beating the estimate of $2.48, but sales of $4.794 billion missed the $4.924 billion estimate. EPS increased by 11.11% year-over-year, while sales decreased by 1.60%.
While PPG Industries beat EPS estimates, the miss on sales and the year-over-year sales decline may neutralize the positive impact of the EPS beat. Investors may have mixed reactions, leading to a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100