Investing.com - Air Products (NYSE:APD) reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Air Products announced earnings per share of $2.08 on revenue of $2.50B. Analysts polled by Investing.com anticipated EPS of $2.12 on revenue of $2.34B.
Air Products shares are up 6.34% from the beginning of the year and are trading at $290.55 , down-from-52-week-high.They are under-performing the S&P 500 which is up 12.69% from the start of the year.
Air Products follows other major Basic Materials sector earnings this month
Air Products's report follows an earnings beat by Vale ADR on April 27, who reported EPS of $1.09 on revenue of $12.65B, compared to forecasts EPS of $1.04 on revenue of $12.93B.
Sherwin-Williams had beat expectations on April 27 with first quarter EPS of $2.06 on revenue of $4.66B, compared to forecast for EPS of $1.64 on revenue of $4.52B.
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