Air Products And Chemicals Inc. Q3 adjusted earnings Miss Estimates

(RTTNews) - Air Products And Chemicals Inc. (APD) reported earnings for its third quarter that climbed from the same period last year.

The company's bottom line came in at $533.6 million, or $2.40 per share. This compares with $446.5 million, or $2.01 per share, in last year's third quarter.

Excluding items, Air Products And Chemicals Inc. reported adjusted earnings of $513.2 million or $2.31 per share for the period.

Analysts had expected the company to earn $2.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 25.6% to $2.60 billion from $2.07 billion last year.

Air Products And Chemicals Inc. earnings at a glance:

-Earnings (Q3): $513.2 Mln. vs. $446.5 Mln. last year. -EPS (Q3): $2.31 vs. $2.01 last year. -Analysts Estimate: $2.36 -Revenue (Q3): $2.60 Bln vs. $2.07 Bln last year.

-Guidance: Next quarter EPS guidance: $2.44 to $2.54 Full year EPS guidance: $8.95 to $9.05