Praxair (PX) Posts Q2 EPS of $1.19, Tops by 5c; Guides Q3 EPS; Raises FY10 EPS Outlook; Announces $10B Stock Buyback

July 28, 2010 6:55 AM EDT
Praxair (NYSE: PX) reports Q2 EPS of $1.19, 5 cents better than the analyst estimate of $1.14. Revenue for the quarter was $2.53 billion, which compares to the estimate of $2.46 billion.

Sees Q3 EPS of $1.15 - $1.20, compared to the consensus of $1.19.

Sees FY10 sales of $10 billion, and increases FY10 EPS range to $4.60 - $4.70. Consensus sees an EPS of $4.59.

New $1.5 billion share repurchase program authorized.

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