Air Products & Chemicals (NYSE:APD) reported its Q2 earnings results on Thursday, May 5, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Air Products & Chemicals beat estimated earnings by 1.28%, reporting an EPS of $2.38 versus an estimate of $2.35.
Revenue was up $443.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 6.34% drop in the share price the next day.
Here's a look at Air Products & Chemicals's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.51 | 2.48 | 2.36 | 2.12 |
| EPS Actual | 2.52 | 2.51 | 2.31 | 2.08 |
| Revenue Estimate | 2.74B | 2.67B | 2.49B | 2.34B |
| Revenue Actual | 2.99B | 2.84B | 2.60B | 2.50B |
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 FY 2022, expecting earnings between $10.2 and $10.4 per share.
To track all earnings releases for Air Products & Chemicals visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
