ALLENTOWN, Pa. (AP) \u2014 ALLENTOWN, Pa. (AP) \u2014 Air Products and Chemicals Inc. (APD) on Thursday reported a fiscal third-quarter\u2026<\/p>\n
ALLENTOWN, Pa. (AP) \u2014 ALLENTOWN, Pa. (AP) \u2014 Air Products and Chemicals Inc. (APD) on Thursday reported a fiscal third-quarter loss of $1.44 billion, after reporting a profit in the same period a year earlier.<\/p>\n
The Allentown, Pennsylvania-based company said it had a loss of $6.47 per share. Earnings, adjusted for non-recurring costs, were $3.47 per share.<\/p>\n
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.36 per share.<\/p>\n
The seller of gases for industrial, medical and other uses posted revenue of $3.16 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $3.18 billion.<\/p>\n
For the current quarter ending in September, Air Products and Chemicals expects its per-share earnings to range from $3.55 to $3.65.<\/p>\n
The company expects full-year earnings in the range of $13.39 to $13.49 per share.<\/p>\n
Air Products and Chemicals shares have risen 19% since the beginning of the year, while the S&P\u2019s 500 index has risen nearly 7%. The stock has dropped slightly in the last 12 months.<\/p>\n
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This story was generated by Automated Insights<\/a> (http:\/\/automatedinsights.com\/ap) using data from Zacks Investment Research. Access a Zacks stock report on APD<\/a> at https:\/\/www.zacks.com\/ap\/APD<\/p>\n Copyright
\n \u00a9\u00a02026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.<\/p>\n","protected":false},"excerpt":{"rendered":"ALLENTOWN, Pa. (AP) \u2014 ALLENTOWN, Pa. (AP) \u2014 Air Products and Chemicals Inc. (APD) on Thursday reported a…\n","protected":false},"author":2,"featured_media":11835,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[153,155,154],"class_list":["post-255389","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bethlehem","tag-bethlehem","tag-bethlehem-headlines","tag-bethlehem-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/255389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=255389"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/255389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/11835"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=255389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=255389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=255389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}