Investing.com - Air Products (NYSE:APD) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Air Products announced earnings per share of $2.38 on revenue of $2.94B. Analysts polled by Investing.com anticipated EPS of $2.35 on revenue of $2.97B.
Air Products shares are down 18.66% from the beginning of the year, still down 21.78% from its 52 week high of $316.39 set on November 11, 2021. They are under-performing the S&P 500 which is down 9.78% from the start of the year.
Air Products follows other major Materials sector earnings this month
Air Products's report follows an earnings beat by Vale ADR on April 27, who reported EPS of $0.93 on revenue of $10.81B, compared to forecasts EPS of $0.838 on revenue of $11.66B.
Sherwin-Williams had beat expectations on April 26 with first quarter EPS of $1.61 on revenue of $5B, compared to forecast for EPS of $1.54 on revenue of $4.91B.
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