Investing.com - Air Products (NYSE:APD) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Air Products announced earnings per share of $2.04 on revenue of $2.22B. Analysts polled by Investing.com anticipated EPS of $2.11 on revenue of $2.17B. That with comparison to EPS of $1.92 on revenue of $2.19B in the same period a year before.Air Products had reported EPS of $2.14 on revenue of $2.25B in the previous quarter.Analysts are expecting EPS of $2.29 and revenue of $2.21B in the upcoming quarter.
Air Products shares are down 8.75% from the beginning of the year and are trading at $214.44 , down-from-52-week-high.They are outperforming the S&P 500 which is down 13.73% year to date.
Air Products follows other major Basic Materials sector earnings this month
Air Products's report follows an earnings beat by Akzo Nobel ADR on Wednesday, who reported EPS of $0.26 on revenue of $2.23B, compared to forecasts EPS of $0.25 on revenue of $2.27B.
Dover had beat expectations on Tuesday with first quarter EPS of $1.39 on revenue of $1.66B, compared to forecast for EPS of $1.21 on revenue of $1.68B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar