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
Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion. Regulators have confirmed the eleventh U.S. fatality linked to Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration or NHTSA said Thursday that a crash fatality in Riverside County, California, was tied to the rupture of a recalled Takata air bag inflator. Reynolds American Inc. (RAI) on Friday confirmed that British American Tobacco plc (BATS.L, BTI) has offered to buy the remaining 57.8 percent stake that it does not own in the US tobacco company for $47 billion. Reynolds said its board of directors will evaluate the offer, and respond accordingly to BAT, which currently owns 42.2 percent stake in Reynolds. The proposal represents an enterprise va
comments powered by Disqus
Follow RTT