Investing.com - Air Products (NYSE:APD) reported fourth quarter earnings that beat analyst's expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $2 on revenue of $2.3B. Analysts polled by Investing.com forecast EPS of $1.99 on revenue of $2.31B. That compared to EPS of $1.76 on revenue of $2.20B in the same period a year earlier. The company had reported EPS of $1.95 on revenue of $2.26B in the previous quarter.
For the year, Air Products shares are down 4.09%, under-performing the S&P 500 which is up 2.03% year to date.
Air Products follows other major Basic Materials sector earnings this month
On Thursday, DuPont reported third quarter EPS of $0.74 on revenue of $20.12B, compared to forecasts of EPS of $0.71 on revenue of $20.23B.
VALE earnings missed analyst's expectations on October 25, with third quarter EPS of $0.27 on revenue of $9.54B. Investing.com analysts expected EPS of $0.38 on revenue of $9.46B
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