Air Products & Chemicals Raises FY2023 Adj EPS Guidance from $11.30-11.50 to $11.40-11.50 vs $11.42 Est
Portfolio Pulse from Benzinga Newsdesk
Air Products & Chemicals (NYSE:APD) has raised its FY2023 adjusted EPS guidance from $11.20-11.50 to $11.30-11.50, compared to the analyst estimate of $11.34. The company's 2022 adjusted diluted EPS was $10.41, excluding the per share impact of non-service pension benefit.
August 04, 2023 | 12:46 pm
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Air Products & Chemicals has raised its FY2023 EPS guidance, which is above the analyst estimate. This could potentially lead to a positive market reaction.
Companies that raise their earnings guidance typically see a positive reaction in their stock price as it indicates better than expected future performance. Given that APD's new guidance is above the analyst estimate, it suggests that the company is performing better than what the market has priced in, which could lead to an upward adjustment in the stock price.
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