PPG Industries on Wednesday
beat Wall Street estimates for third-quarter profit and raised
its full-year earnings outlook, as high sales volumes in the
automotive and aerospace sector helped boost.
PPG Industries Beats Quarterly Profit Estimates, Raises FY Earnings Forecast usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
New vehicle sales in the United States had risen in the reported quarter on improving supply and steady demand, leading to increasing demand for coatings and furnishings materials. PPG reported a profit of $2.07 per share for the quarter ended Sept. 30, compared with analysts' average estimate of $1.94 per share, according to LSEG data. The company said its industrial coatings income rose 28% to $246 million in the reported quarter from a year ago, helped by higher selling price and lower costs.
Kinder Morgan misses third-quarter profit estimates streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Pipeline and terminal operator Kinder
Morgan on Wednesday posted lower-than-expected profit
for the third quarter as higher interest expenses offset
strength in its natural gas and products pipeline.