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Air Products and Chemicals: Fiscal Q3 Earnings Snapshot
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ALLENTOWN, Pa. (AP) — ALLENTOWN, Pa. (AP) — Air Products and Chemicals Inc. (APD) on Thursday reported a fiscal third-quarter loss of $1.44 billion, after reporting a profit in the same period a year earlier.

The Allentown, Pennsylvania-based company said it had a loss of $6.47 per share. Earnings, adjusted for non-recurring costs, were $3.47 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.36 per share.

The seller of gases for industrial, medical and other uses posted revenue of $3.16 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $3.18 billion.

For the current quarter ending in September, Air Products and Chemicals expects its per-share earnings to range from $3.55 to $3.65.

The company expects full-year earnings in the range of $13.39 to $13.49 per share.

Air Products and Chemicals shares have risen 19% since the beginning of the year, while the S&P's 500 index has risen nearly 7%. The stock has dropped slightly in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APD at https://www.zacks.com/ap/APD

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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