logo
Share SHARE
FONT-SIZE Plus   Neg

Air Products Q2 Profit Down - Quick Facts

Air Products & Chemicals Inc. (APD) reported that its second-quarter net income attributable to the company decreased to $296.0 million or $1.38 per share, from $304.3 million or $1.39 per share in the same quarter last year.

The company reported net income of $281 million and earnings per share of $1.31 on a non-GAAP, continuing operations basis, for its fiscal second quarter ended March 31, 2012. Analysts polled by Thomson Reuters expected the company to report earnings of $1.33 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter declined to $2.34 billion from $2.40 billion in the prior year quarter. Eleven analysts had consensus revenue estimate of $2.43 billion for the quarter.

Air Products expects third quarter adjusted earnings from continuing operations to be between $1.40 and $1.45 per share. Analysts expect the company to report earnings of $1.51 per share for the third-quarter.

For fiscal 2012, the company now expects GAAP earnings per share to be in the range of $5.26 to $5.39, and adjusted earnings from continuing operations of $5.47 to $5.60 per share. Analysts expect the company to report earnings of $5.75 per share for fiscal 2012.

While announcing the first-quarter results, the company expected earnings to be in the range of $5.90 to $6.30 per share.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Low-cost airline Allegiant Air announced its order for brand-new aircraft for the first time in its history. The carrier announced on Friday it had reached a deal to purchase 12 current-generation models of Airbus' A320 narrow-body jets. The company termed the deal as "another step towards Allegiant's... Los Angeles City officials have filed criminal charges against Soylent CEO Robert Rhinehart for placing a bright red shipping container on Montecito Heights hillside as part of his "experiment in sustainable living." City Attorney Mike Feuer Friday announced that his office has filed multiple criminal... A new study says that if Hillary Clinton is elected then her proposals will strengthen the U.S. economy and create millions of jobs. According to Moody's Analytics, Hillary Clinton's economic proposal would oversee a "somewhat stronger U.S. economy." The conclusion was reached after assessing her...
comments powered by Disqus
Follow RTT