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Praxair Inc. (PX) Pulled Back On Weak Guidance

Praxair Inc. (PX: Quote) 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.

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by RTT Staff Writer

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