Investing.com - Air Products (NYSE:APD) reported on Friday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Air Products announced earnings per share of $2.52 on revenue of $2.99B. Analysts polled by Investing.com anticipated EPS of $2.52 on revenue of $2.73B.
Air Products shares are down 7.68% from the beginning of the year, still down 11.22% from its 52 week high of $316.39 set on November 11, 2021. They are under-performing the S&P 500 which is down 6.06% from the start of the year.
Air Products follows other major Materials sector earnings this month
Air Products's report follows an earnings missed by Sherwin-Williams on January 14, who reported EPS of $1.35 on revenue of $4.76B, compared to forecasts EPS of $1.68 on revenue of $4.76B.
Freeport-McMoran had missed expectations on January 26 with fourth quarter EPS of $0.96 on revenue of $6.16B, compared to forecast for EPS of $0.9703 on revenue of $6.44B.
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