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Investing

Air Products Misses on Revenues (APD, ARG, PX)

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By Paul Ausick Published
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Air Products & Chemicals Inc. (NYSE: APD) makes specialty gases for industrial use, and competes with rivals Airgas Inc. (NYSE: ARG) and Praxair Inc. (NYSE: PX). Air Products reported earnings this morning for its first fiscal quarter, ending in December.

The company posted EPS of $1.36 on revenue of $2.42 billion. Analysts were expecting revenue of $2.53 billion, but the earnings number was in-line with the consensus estimate. For the same period last year, Air Products reported EPS of $1.35 on revenue of $2.4 billion.

The company’s CEO noted, “As we expected, economic growth continued to slow this quarter, depressing volumes and limiting earnings growth.”

The company reiterated its EPS guidance for fiscal 2012 of $5.90-$6.30. Air Products expects second quarter EPS to be $1.37-$1.43.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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