Investing.com - Air Products (NYSE:APD) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Air Products announced earnings per share of $2.62 on revenue of $3.19B. Analysts polled by Investing.com anticipated EPS of $2.61 on revenue of $3.02B.
Air Products shares are down 0% from the beginning of the year, still down 22.34% from its 52 week high of $316.39 set on November 11, 2021. They are outperforming the S&P 500 which is down 12.82% 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 July 27, who reported EPS of $2.41 on revenue of $5.87B, compared to forecasts EPS of $2.77 on revenue of $6.03B.
Vale ADR had beat expectations on July 28 with second quarter EPS of $1.32 on revenue of $11.16B, compared to forecast for EPS of $0.8013 on revenue of $11.38B.
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