Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
Air Products & Chemicals Inc. APD, -0.65% reported Tuesday fiscal fourth-quarter profit that rose above expectations but revenue that fell well below, citing lower energy cost pass-through. The industrial gases company’s stock was will inactive in the premarket. Net income for the quarter to Sept. 30 rose to $692.6 million, or $3.11 a share, from $583.1 million, or $2.62 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $3.
19 billion, below the FactSet consensus of $3.35 billion as 2% higher pricing and a favorable currency impact of 1% was offset by 14% lower energy cost pass-through, which are supplier costs that are passed on to customers. Looking ahead, the company expects first-quarter adj. EPS of $2.90 to $3.05, which surrounds the current FactSet of $3.00, and expects fiscal 2024 adjusted EPS of $12.80 to $13.10, compared with expectations of $12.84. The stock has gained 1.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A year after deadly mid-air collision, Veterans Day event will be held without air showCommemorative Air Force continues with annual Veterans Day Weekend event but nixes air show this year after deadly Wings Over Dallas collision.
Read more »
WeWork stock still halted for news, with no release or comment from the companyTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Read more »
Hilton Grand Vacations to buy Bluegreen Vacations for a more-than 100% premiumTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Read more »
Dish Network’s stock drops after a surprise loss and revenue miss, as subscribers fellTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Read more »
PepsiCo CFO leaves after 13 years, to become Disney’s CFOTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Read more »
NRG Energy’s stock surges toward a 17-month high after $950 million ASR announcedTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Read more »