APD - These Analysts Cut Their Forecasts On Air Products And Chemicals After Downbeat Earnings | Benzinga
Air Products and Chemicals, Inc. (NYSE: APD) reported worse-than-expected first-quarter financial results and lowered FY24 adjusted EPS guidance below estimates on Monday.
Air Products & Chemicals posted adjusted earnings of $2.82 per share, missing market estimates of $3.00 per share. The company’s quarterly sales came in at $3.00 billion versus expectations of $3.19 billion, according to data from Benzinga Pro.
APD raised its quarterly dividend to $1.77 from $1.75 in January 2024. The dividend is payable on May 13, 2024, to shareholders of record on April 1, 2024.
Air Products lowered its adjusted EPS outlook to $12.20-$12.50 (prior $12.80-$13.10) versus consensus of $12.97. ...