Air Products & Chemicals: Q1 Earnings Insights

Air Products & Chemicals APD reported its Q1 earnings results on Friday, February 4, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

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Earnings

Air Products & Chemicals beat estimated earnings by 0.4%, reporting an EPS of $2.52 versus an estimate of $2.51, which did not surprise analysts.

Revenue was up $619.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03, which was followed by a 2.69% increase in the share price the next day.

Here's a look at Air Products & Chemicals's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Air Products & Chemicals management provided guidance for their next quarter, expecting earnings between $2.3 and $2.4 per share for the next quarter.

This represents a -6.75% in quarter-over-quarter growth for Air Products & Chemicals, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.