shares of ppg industries inc ppg rose 2 in the extended session thursday after the paint and coatings maker reported firstquarter profit and sales above wall street expectations and said it will increase prices again to fend off rising prices for raw materials and other costs increases ppg said it earned 18 million or 8 cents a share in the quarter compared with earnings of 378 million or 158 a share in the yearago period adjusted for onetime items ppg earned 137 a share sales rose 11 to 43 billion ppg said analysts polled by factset expected ppg to report adjusted eps of 111 on sales of 42 billion rawmaterial costs are up 25 yearonyear with energy and transportation costs also elevated the company said demand is expected to remain solid and supply disruptions are expected to persist ppg said given higher global energy prices we are implementing further sellingprice increases in all businesses and our commercial processes are enabling closer to realtime pricing relative to inflation the company said ppg had increased its prices in january we are also developing further cost mitigation actions in the event of broader economic slowdowns the continuing crisis in europe and pandemicrelated restrictions in china have increased the level of nearterm economic uncertainty the company said ppg guided for secondquarter adjusted eps between 160 and 190 sales volumes are seen down by a lowtomidsingledigit percentage it said shares of ppg ended the regular trading day up 11