Investing.com - Air Products (NYSE:APD) reported fourth quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.27 on revenue of $2.28B. Analysts polled by Investing.com expected EPS of $2.3 on revenue of $2.36B. That compared to EPS of $2 on revenue of $2.3B in the same period a year earlier. The company had reported EPS of $2.17 on revenue of $2.22B in the previous quarter.
For the year, Air Products shares are up 36.74%, outperforming the S&P 500 which is up 24.22% year to date.
Air Products follows other major Basic Materials sector earnings this month
On Thursday, October 24, 2019, Vale ADR reported third quarter EPS of $0.32 on revenue of $10.22B, compared to forecasts of EPS of $0.51 on revenue of $10.49B.
Sherwin-Williams earnings beat analyst's expectations on Tuesday, October 22, 2019, with third quarter EPS of $6.65 on revenue of $4.87B. Investing.com analysts expected EPS of $6.47 on revenue of $4.83B
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