Investing.com - Air Products (NYSE:APD) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Air Products announced earnings per share of $2.19 on revenue of $2.32B. Analysts polled by Investing.com anticipated EPS of $2.2 on revenue of $2.26B.
Air Products shares are up 31.91% from the beginning of the year and are trading at $309.97 , down-from-52-week-high.They are outperforming the S&P 500 which is up 9.74% 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 Sherwin-Williams on Tuesday, October 27, 2020, who reported EPS of $8.29 on revenue of $5.12B, compared to forecasts EPS of $7.79 on revenue of $5.07B.
Vale ADR had missed expectations on Wednesday, October 28, 2020 with third quarter EPS of $0.57 on revenue of $10.76B, compared to forecast for EPS of $0.69 on revenue of $10.81B.
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