PPG stock falls 3% as paint maker to raise prices to ease inflation pressure
Yahoo! Finance
Shares of PPG Industries Inc. fell nearly 3% in the extended session Thursday after the paint and coatings maker reported fourth-quarter profit and sales above Wall Street expectations but said pandemic-related "disruptions" continue to impact production and sales, and it will increase prices to mitigate soaring costs. PPG said it earned $267 million, or $1.12 a share, in the quarter, compared with $272 million, or $1.14 a share, in the year-ago period. Adjusted for one-time items, PPG earned $1
Continue Reading