By Adriano Marchese

Air Products & Chemicals Inc. on Thursday reported a 8.5% fall in third-quarter profit, largely due to the negative effects of the coronavirus pandemic on the business.

The Lehigh Valley, Pa.-based gas and chemical company earned a profit of $446.5 million, or $2.01 a share, compared with $488 million, or $2.20 a share, for the same period last year.

The company estimates its EPS was hit between 35 cents and 40 cents by the effects of Covid-19.

Air Products & Chemicals reported an adjusted profit of $2.01 a share for the quarter, compared with $1.98 which analysts polled on FactSet had forecast.

Sales fell to $2.07 billion from $2.2 billion.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

July 23, 2020 06:34 ET (10:34 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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