Paint maker PPG warns that higher raw material prices will hit Q3 earnings

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Published: Tuesday, 09 October 2018

US paint maker PPG has warned that its third-quarter earnings will show net sales steady year-on-year but reduced earnings per share, blaming rises in materials costs and weaker demand in China.

United States-based paint maker PPG has warned that it will report "disappointing" earnings in the third quarter of 2018, due to rising raw material prices and weak demand from China.

The company forecast that its official third-quarter earnings statement, which will be released on October 18, would show net sales...

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