* Adj Q4 EPS $1.59 vs. Street forecast $1.46
* Revenue up 7.3 pct to $3.46 bln
NEW YORK Oct 21 Paint, glass and chemicals
maker PPG Industries Inc (PPG.N) posted a better-than-expected
third-quarter profit on Thursday due to strong emerging market
PPG earned $262 million, or $1.58 per share, compared with
$159 million, or 96 cents per share, in the year-earlier
Excluding charges related to an asbestos litigation
settlement, the company earned $1.59 per share for the period.
By that measure, analysts had expected earnings of $1.46
per share, according to Thomson Reuters I/B/E/S.
Revenue rose 7.3 percent to $3.46 billion. Analysts
expected $3.41 billion.
Volumes across the world rose 6 percent, though PPG said
results from emerging economies provided much of the lift in
spite of "anemic construction markets in the developed
economies of the world."
"While we anticipate continued gradual recovery in economic
conditions, the fourth quarter is traditionally a slower sales
quarter for most of our businesses due to seasonality," Chief
Executive Officer Charles Bunch said in a statement.
(Reporting by Ernest Scheyder, editing by Gerald E.