Deutsche Bank Downgrades PPG Industries (PPG) to Hold
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PPG Industries (PPG) Prelim. Q3 adj.-EPS Light of Views; New $2B Stock Buyback Approved
October 7, 2016 8:27 AM EDTPPG (NYSE: PPG) announced that the third quarter 2016 reported loss per share from continuing operations is expected to be in the range of 74 cents to 77 cents compared to reported earnings per share from continuing operations of $1.52 in the third quarter 2015. Reported earnings include previously disclosed pension settlement charges that totaled $2.31 per share in third quarter 2016 and 2 cents per diluted share in the previous year. Adjusted earnings from continuing operations for the third quarter 2016 are expected to be in the range of $1.54 to $1.57 per share, compared to $1.54 per diluted share in the prior... More
