Air Products and Chemicals (NYSE:APD)
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1 Year : From Jan 2019 to Jan 2020
By Michael Tobin
Air Products & Chemicals Inc. (APD) said that fiscal third quarter profit rose even as the company saw a slight dip in sales compared with last year.
The gas and chemical vendor has $488 million in net income, or $2.20 a share, for the quarter ended June 30, compared with $473.9 million, or $1.95 a share during last year's third quarter. Analysts polled by FactSet estimated earnings of $2.15 a share.
Air Products & Chemicals sales fell slightly, with the company reporting $2.22 billion in sales, compared with $2.26 billion in last year's third quarter. Analysts estimated $2.32 billion. The company partially attributed the drop in sales to a contract modification in India.
The company guided fourth quarter adjusted earnings per share between $2.26 and $2.31.
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(END) Dow Jones Newswires
July 25, 2019 06:59 ET (10:59 GMT)
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