05.02.2024 12:05:16 - dpa-AFX: Air Products And Chemicals Inc. Q1 Profit Increases, but misses estimates
WASHINGTON (dpa-AFX) - Air Products And Chemicals Inc. (APD) announced
earnings for its first quarter that increased from last year but missed the
Street estimates.
The company's earnings totaled $609.3 million, or $2.73 per share. This
compares with $572.2 million, or $2.57 per share, in last year's first quarter.
Excluding items, Air Products And Chemicals Inc. reported adjusted earnings of
$628.0 million or $2.82 per share for the period.
Analysts on average had expected the company to earn $3.00 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 5.4% to $3.00 billion from $3.17
billion last year.
Air Products And Chemicals Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $609.3 Mln. vs. $572.2 Mln. last year.
-EPS (Q1): $2.73 vs. $2.57 last year.
-Analyst Estimate: $3.00
-Revenue (Q1): $3.00 Bln vs. $3.17 Bln last year.
-Guidance:
Next quarter EPS guidance: $2.60 to $2.75
Full year EPS guidance: $12.20 to $12.50
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