Plus   Neg

Air Products And Chemicals Inc. Q2 adjusted earnings Miss Estimates

Air Products And Chemicals Inc. (APD) announced a profit for its second quarter that climbed from last year.

The company's bottom line came in at $477.8 million, or $2.15 per share. This compares with $421.3 million, or $1.90 per share, in last year's second quarter.

Excluding items, Air Products And Chemicals Inc. reported adjusted earnings of $453.0 million or $2.04 per share for the period.

Analysts had expected the company to earn $2.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.4% to $2.22 billion from $2.19 billion last year.

Air Products And Chemicals Inc. earnings at a glance:

-Earnings (Q2): $453.0 Mln. vs. $425.1 Mln. last year.
-EPS (Q2): $2.04 vs. $1.92 last year.
-Analysts Estimate: $2.06
-Revenue (Q2): $2.22 Bln vs. $2.19 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT