Investing.com - Air Products (NYSE:APD) reported first quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.86 on revenue of $2.22B. Analysts polled by Investing.com anticipated EPS of $1.87 on revenue of $2.25B. That compared to EPS of $1.73 on revenue of $2.22B in the same period a year earlier. The company had reported EPS of $2 on revenue of $2.3B in the previous quarter.
For the year, Air Products shares are down 2.22%, under-performing the S&P 500 which is up 7.08% year to date.
Air Products follows other major Basic Materials sector earnings this month
On Thursday, January 17, 2019, PPG Industries reported fourth quarter EPS of $1.15 on revenue of $3.65B, compared to forecasts of EPS of $1.1 on revenue of $3.65B.
Freeport-McMoran earnings missed analyst's expectations on Thursday, with fourth quarter EPS of $0.11 on revenue of $3.68B. Investing.com analysts expected EPS of $0.19 on revenue of $3.85B
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