- PPG Industries on Wednesday beat Wall Street estimates for third-quarter profit and raised its full-year earnings outlook, as high sales volumes in the automotive and aerospace sector helped boost coatings sales at the company.New vehicle sales in the United States had risen in the reported quarter on improving supply and steady demand, leading to increasing demand for coatings and furnishings materials.
The company said its industrial coatings income rose 28% to $246 million in the reported quarter from a year ago, helped by higher selling price and lower costs. PPG raised its full-year 2023 earnings forecast to a range of $7.58 and $7.64 per share from $7.28 to $7.48 per share, higher than analysts' average estimate of $7.49.TFSA: Invest in These 2 Stocks for a Real Shot at $1 Million
Telecom stocks such as BCE offer exposure to high dividend yields, stable and resilient results, and security. The post Telecom Titans: Canada’s High Dividend Yielding Communication Stocks appeared first on The Motley Fool Canada.TORONTO — Scotiabank said Wednesday that it is cutting about three per cent of its global workforce, becoming the latest Canadian bank to trim staff amid continued economic uncertainty.
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