PITTSBURGH (AP) _ PPG Industries Inc. (PPG) on Thursday reported fourth-quarter net income of $272 million.

The Pittsburgh-based company said it had profit of $1.14 per share. Earnings, adjusted for asset impairment costs and restructuring costs, were $1.59 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.

The paint and coatings maker posted revenue of $3.76 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $3.56 billion.

For the year, the company reported profit of $1.06 billion, or $4.45 per share. Revenue was reported as $13.83 billion.

For the current quarter ending in April, PPG Industries expects its per-share earnings to range from $1.55 to $1.61.

PPG Industries shares have dropped slightly since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 3%. In the final minutes of trading on Thursday, shares hit $143.53, a climb of 14% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PPG at https://www.zacks.com/ap/PPG

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