Air Products And Chemicals Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - Air Products And Chemicals Inc. (APD) announced a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $696.6 million, or $3.13 per share. This compares with $595.6 million, or $2.67 per share, in last year's third quarter.

Excluding items, Air Products And Chemicals Inc. reported adjusted earnings of $712.7 million or $3.20 per share for the period.

Analysts on average had expected the company to earn $3.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.6% to $2.985 billion from $3.033 billion last year.

Air Products And Chemicals Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $696.6 Mln. vs. $595.6 Mln. last year. -EPS (Q3): $3.13 vs. $2.67 last year. -Revenue (Q3): $2.985 Bln vs. $3.033 Bln last year.

-Guidance: Next quarter EPS guidance: $3.33 to $3.63 Full year EPS guidance: $12.20 to $12.50