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PPG: 1Q 2009 EPS cuidance below analyst estimates

PPG Industries announced that for the 1Q 2009, it expects adjusted earnings per share (EPS) to be in the range of USD 0.10 to USD 0.15 per share, excluding the restructuring charges and the net increa…

PPG Industries announced that for the 1Q 2009, it expects adjusted earnings per share (EPS) to be in the range of USD 0.10 to USD 0.15 per share, excluding the restructuring charges and the net increase in the current value of the company“s obligation under its proposed asbestos settlement agreement, which is pending court proceedings. Analysts were reportedly expecting the company to report EPS of USD 0.24 for the same period.

 

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