BUZZ-PPG shares rise due to better-than-expected earnings and upgraded full-year profit guidance

October 28 - ** Shares of coatings manufacturer PPG Industries (PPG.N) rose 4.8% in pre-market trading to $118.9

** Raised the midpoint of its full-year adjusted earnings per share (EPS) forecast to a guidance range of $7.90–$8.10, while the average analyst expectation compiled by London Stock Exchange Group (LSEG) is $7.88

** Third quarter net sales increased by 7% to $4.4 billion, driven by growth in sales prices and volumes

** Organic sales grew by 5%, mainly due to strong performance in aerospace and Latin American architectural coatings businesses

** Expects organic sales to achieve low single-digit percentage growth in the fourth quarter

** Reported third quarter adjusted EPS of $2.25, higher than analysts' estimate of $2.12—according to data compiled by London Stock Exchange Group (LSEG)

** As of the previous trading day's close, PPG is up 10.7% so far this year

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