Air Products & Chemicals (APD) Misses Q2 EPS by 3c; Narrows FY EPS View

Air Products & Chemicals (NYSE: APD) reported Q2 EPS of $1.32, $0.03 worse than the analyst estimate of $1.35. Revenue for the quarter came in at $2.58 billion versus the consensus estimate of $2.55 billion.

Air Products & Chemicals sees Q3 2014 EPS of $1.42-$1.47, versus the consensus of $1.5.

Air Products & Chemicals sees FY2014 EPS of $5.70-$5.85, versus prior guidance of $5.7-$5.9 and the consensus of $5.78.

Commenting on the quarter, John McGlade, chairman, president and chief executive officer, said, "In the second quarter, Air Products delivered higher underlying volumes. We also executed well on our planned maintenance outages, and managed the additional challenge of adverse weather, the costs of which we are committed to recover in the second half of the year. We remain confident in the prospects for the business and, accordingly, we raised our quarterly dividend for the 32nd consecutive year."

For earnings history and earnings-related data on Air Products & Chemicals (APD) click here.

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