Plus   Neg

Praxair Inc. (PX) Pulled Back On Weak Guidance

Praxair Inc. (PX) reported fourth quarter adjusted net income of $1.38 per share Wednesday morning, compared to $1.36 per share a year ago. The consensus estimate was for EPS of $1.38. The company expects to report first quarter EPS of $1.35 to $1.40 and between $5.85 and $6.10 for the full year 2013. The consensus estimates are for EPS of $1.46 and $6.16.

Praxair gapped open lower Wednesday and fell in early trade, before settling into a range. The stock finished down by 3.25 at $110.77 on the highest volume of the year. Praxair dropped below a range and set a 3-week low.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Follow RTT