Air Products & Chemicals Q1 Adj. EPS $2.82 Misses $3.00 Estimate, Sales $3.00B Miss $3.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Air Products & Chemicals (APD) reported Q1 adjusted EPS of $2.82, missing the $3.00 estimate, and sales of $3.00B, below the $3.19B estimate. This represents a 6.82% increase in EPS and a 5.61% decrease in sales from the same period last year.
February 05, 2024 | 11:02 am
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NEGATIVE IMPACT
Air Products & Chemicals reported lower-than-expected Q1 earnings and sales, with adjusted EPS of $2.82 and sales of $3.00B, missing estimates.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. The reported decrease in sales compared to the previous year further compounds concerns, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100