Investing.com - Air Products (NYSE:APD) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.17 on revenue of $2.22B. Analysts polled by Investing.com forecast EPS of $2.15 on revenue of $2.32B. That compared to EPS of $1.95 on revenue of $2.26B in the same period a year earlier. The company had reported EPS of $1.92 on revenue of $2.19B in the previous quarter.
For the year, Air Products shares are up 40.49%, outperforming the S&P 500 which is up 21.91% year to date.
Air Products follows other major Basic Materials sector earnings this month
On Tuesday, Sherwin-Williams reported second quarter EPS of $6.57 on revenue of $4.88B, compared to forecasts of EPS of $6.39 on revenue of $4.94B.
Southern Copper earnings matched analyst's expectations on Tuesday, with second quarter EPS of $0.52 on revenue of $1.82B. Investing.com analysts expected EPS of $0.52 on revenue of $1.81B
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