PPG Industries (NYSE: PPG) reported earnings on July 19. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), PPG Industries missed estimates on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share improved.

Margins grew across the board.

Revenue details
 PPG Industries logged revenue of $3.96 billion. The 12 analysts polled by S&P Capital IQ wanted to see sales of $4.16 billion on the same basis. GAAP reported sales were 0.8% lower than the prior-year quarter's $3.99 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $2.36. The 17 earnings estimates compiled by S&P Capital IQ anticipated $2.35 per share. GAAP EPS of $2.34 for Q2 were 10% higher than the prior-year quarter's $2.12 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 40.5%, 110 basis points better than the prior-year quarter. Operating margin was 14.0%, 120 basis points better than the prior-year quarter. Net margin was 9.2%, 70 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $4.03 billion. On the bottom line, the average EPS estimate is $2.20.

Next year's average estimate for revenue is $15.60 billion.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 354 members out of 380 rating the stock outperform, and 26 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 100 give PPG Industries a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PPG Industries is outperform, with an average price target of $114.33.

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