Air Products (APD) Misses Q1 EPS by 18c, offers guidance

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Go back to Air Products (APD) Misses Q1 EPS by 18c, offers guidance

Air Products (APD) shares drop as manufacturing slowdown and lower demand impact Q1

February 5, 2024 7:52 AM EST

Air Products (NYSE: APD) shares tumbled more than 8% premarket Monday after the company reported its latest quarterly earnings, missing the top and bottom-line consensus estimate. In addition, its full-year 2024 profit guidance was also lower than expected.

The company reported first-quarter earnings per share of $2.82, $0.18 worse than the analyst estimate of $3. At... More