Investing.com - Air Products (NYSE:APD) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Air Products announced earnings per share of $2.51 on revenue of $2.84B. Analysts polled by Investing.com anticipated EPS of $2.49 on revenue of $2.69B.
Air Products shares are up 13% from the beginning of the year, still down 7.86% from its 52 week high of $327.89 set on November 9, 2020. They are under-performing the Nasdaq which is up 22.68% from the start of the year.
Air Products follows other major Basic Materials sector earnings this month
Air Products's report follows an earnings missed by Sherwin-Williams on October 26, who reported EPS of $2.09 on revenue of $5.15B, compared to forecasts EPS of $2.11 on revenue of $5.09B.
Vale ADR had missed expectations on October 29 with third quarter EPS of $0.76 on revenue of $12.68B, compared to forecast for EPS of $1.09 on revenue of $13.89B.
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