FX.co ★ Air Products And Chemicals Inc. Q2 Profit Increases, beats estimates

Air Products and Chemicals Inc. (APD) has announced a second-quarter profit rise compared to the same period last year, which exceeded market estimates.

The company's net income was $572.4 million or $2.57 per share, which is a significant improvement from $439.8 million or $1.97 per share in the second quarter of the previous year.

When taking into account specific items, Air Products and Chemicals Inc. presented adjusted earnings of $635.1 million, or $2.85 per share for the reported period.

According to data collected by Thomson Reuters, market analysts, on average, had predicted an earnings per share of $2.69, typically not considering exceptional items in their estimates.

However, the company's revenue for the quarter showed a decrease of 8.4%, down to $2.930 billion from the $3.200 billion recorded last year.

In a snapshot, the financial results of Air Products and Chemicals Inc. for this quarter (GAAP) include:

- Earnings for Q2: $572.4 Million compared to last year's $439.8 Million.

- EPS for Q2: $2.57 compared to last year's $1.97.

- Revenue for Q2: $2.930 Billion compared to last year's $3.200 Billion.

As future guidance, for the forthcoming quarter, the company expects earnings per share to lie in the range of $3 to $3.05. The full-year earnings per share are projected to be between $12.20 and $12.50.