-=PPG Industries (PPG) reported earnings on Thur 17 Jan 2019 (b/o)

PPG Industries beats by $0.05, reports revs in-line; guides Q1 EPS below consensus

• Reports Q4 (Dec) earnings of $1.15 per share, excluding non-recurring items, $0.05 better than the S&P Capital IQ Consensus of $1.10; revenues fell 1.0% year/year to $3.65 bln vs the $3.65 bln S&P Capital IQ Consensus.
• Co issues downside guidance for Q1, sees EPS of $1.18-1.23, excluding non-recurring items, vs. $1.42 S&P Capital IQ Consensus.
• "As we look ahead, while we remain confident we are well-positioned strategically and financially, we enter 2019 with more global economic uncertainty. The carryover impact from the first-half 2018 cost inflation, significantly unfavorable year-over-year foreign currency translation and modestly lower sales volumes will impact our performance in the first half of 2019."