PPG Industries says it expects first-quarter adjusted earnings of $1.30-$1.35/share, almost double earnings in the year-ago period of 69 cts/share. The consensus of analysts’ estimates is $1.12/share, as reported by Thomson One (New York). “Our aggressive cost focus, coupled with continued recovery in global industrial activity levels and slightly higher than anticipated European volumes, has resulted in higher year-over-year earnings and comparable margins in our combined coatings and optical and specialty materials segments,” says PPG chairman and CEO Charles Bunch.
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