PPG Industries slides as earnings miss overshadows revenue beat (PPG:NYSE)
PPG Industries saw its stock fall by as much as 6.8% after reporting second-quarter earnings that missed Wall Street expectations, despite revenue exceeding estimates and continued organic sales growth. The company reported strong demand in aerospace, packaging, and infrastructure markets, along with successful pricing actions. PPG expects low to mid-single-digit organic sales growth in the next quarter, driven by aerospace, Latin America, and packaging coatings.
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