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Air Products and Chemicals on Thursday reported fiscal first-quarter earnings of $324.6 million.
The Allentown, Pennsylvania-based company said it had profit of $1.50 per share. Earnings, adjusted for one-time gains and costs, came to $1.55 per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.
The seller of gases for industrial, medical and other uses posted revenue of $2.56 billion in the period, which missed Street forecasts. Analysts expected $2.68 billion, according to Zacks.
For the current quarter ending in March, Air Products and Chemicals expects its per-share earnings to range from $1.50 to $1.55. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.53.
The company expects full-year earnings in the range of $6.35 to $6.55 per share.
Air Products and Chemicals shares have declined roughly 4 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased almost 3 percent. The stock has climbed 29 percent in the last 12 months.