Air Products and Chemicals: Fiscal 4Q Earnings Snapshot
ALLENTOWN, Pa. (AP) _ Air Products and Chemicals Inc. (APD) on Tuesday reported fiscal fourth-quarter earnings of $452.9 million.
The Allentown, Pennsylvania-based company said it had profit of $2.05 per share. Earnings, adjusted for pretax gains, came to $2 per share.
The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of $2 per share.
The seller of gases for industrial, medical and other uses posted revenue of $2.3 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $2.31 billion.
For the year, the company reported profit of $1.5 billion, or $6.78 per share. Revenue was reported as $8.93 billion.
For the current quarter ending in January, Air Products and Chemicals expects its per-share earnings to range from $1.85 to $1.90. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.91.
The company expects full-year earnings in the range of $8.05 to $8.30 per share.
Air Products and Chemicals shares have dropped 4 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 2 percent. The stock has dropped 1 percent in the last 12 months.