Air Products & Chemicals Inc. (APD) reported fourth quarter net income of $243.9 million or $1.13 per share, compared to $261.6 million or $1.21 per share last year.
Income from continuing operations was $246.0 million or $1.14 per share, compared to $273.4 million or $1.26 per share in the same quarter last year.
On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $1.12 per share. Analysts' estimates typically exclude special items.
Sales declined to $2.13 billion from $2.71 billion in the year ago quarter. Eleven analysts estimated revenues of $2.09 billion.
Further, the company announced initial guidance for fiscal year 2010 EPS in the range of $4.65 to $4.90 per share, representing year-over-year earnings growth on a continuing operations basis of 15 to 21%.
Analysts expect the company to earn $4.76 per share.
For the first quarter of fiscal 2010 ending December 31, 2009, EPS is expected to be between $1.07 and $1.15 per share.
Analysts expect the company to earn $1.14 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.