PPG Indus Q3 2024 Adj EPS $2.13 Misses $2.15 Estimate, Sales $4.58B Miss $4.65B Estimate
Portfolio Pulse from Benzinga Newsdesk
PPG Industries reported Q3 2024 earnings of $2.13 per share, missing the analyst estimate of $2.15. Sales were $4.58 billion, below the expected $4.65 billion. Despite the miss, earnings increased by 2.9% from last year.
October 16, 2024 | 8:05 pm
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NEGATIVE IMPACT
PPG Industries' Q3 2024 earnings and sales both missed analyst estimates, with EPS at $2.13 and sales at $4.58 billion. Despite the miss, EPS increased by 2.9% year-over-year.
PPG Industries' earnings and sales both missed analyst expectations, which is likely to negatively impact the stock price in the short term. However, the year-over-year increase in EPS may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100