Investing.com - Air Products (NYSE:APD) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Air Products announced earnings per share of $2.01 on revenue of $2.07B. Analysts polled by Investing.com anticipated EPS of $1.98 on revenue of $2.07B.
Air Products shares are up 25.75% from the beginning of the year and are trading at $295.51 , down-from-52-week-high.They are outperforming the S&P 500 which is up 1.4% from the start of the year.
Air Products follows other major Basic Materials sector earnings this month
Air Products's report follows an earnings beat by PPG Industries on Thursday, July 16, 2020, who reported EPS of $0.99 on revenue of $3.02B, compared to forecasts EPS of $0.7 on revenue of $2.81B.
Akzo Nobel ADR had beat expectations on Wednesday with second quarter EPS of $0.31 on revenue of $2.3B, compared to forecast for EPS of $0.22 on revenue of $2.19B.
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