Air Products (NYSE:APD)
Historical Stock Chart
1 Month : From Oct 2018 to Nov 2018
By Allison Prang
Profit at Air Products & Chemicals Inc. (APD) fell in the company's fourth quarter as it recorded an income tax provision in place of a benefit and also logged expenses from a pension settlement.
Net income decreased 3.4% from the comparable quarter a year ago to $452.9 million. Earnings per share were $2.05, down from $2.13. Analysts polled by Refinitiv were expecting $1.98 a share.
Sales rose 4.3% to $2.3 billion. Analysts polled by Refinitiv were expecting $2.31 billion.
The company said it expects adjusted earnings for fiscal year 2019 to be between $8.05 and $8.30 a share and for adjusted earnings for the first fiscal quarter to be between $1.85 and $1.90 a share. Analysts polled by Refinitiv are expecting adjusted earnings of $8.20 a share for the 2019 fiscal year and $1.92 a share for the first fiscal quarter.
The company also expects to have between $2.3 billion and $2.5 billion in capital expenditures for the 2019 fiscal year.
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(END) Dow Jones Newswires
November 06, 2018 06:53 ET (11:53 GMT)
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