Investing.com - Air Products (NYSE:APD) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.92 on revenue of $2.19B. Analysts polled by Investing.com forecast EPS of $1.87 on revenue of $2.22B. That compared to EPS of $1.71 on revenue of $2.16B in the same period a year earlier. The company had reported EPS of $1.86 on revenue of $2.22B in the previous quarter.
For the year, Air Products shares are up 22.88%, outperforming the S&P 500 which is up 18.44% year to date.
Air Products follows other major Basic Materials sector earnings this month
On Thursday, March 28, 2019, Vale ADR reported first quarter EPS of $0.79 on revenue of $9.81B, compared to forecasts of EPS of $0.6 on revenue of $9.98B.
Sherwin-Williams earnings missed analyst's expectations on Tuesday, with first quarter EPS of $3.6 on revenue of $4.04B. Investing.com analysts expected EPS of $3.68 on revenue of $4.09B
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