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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Air Products and Chemicals Inc | NYSE:APD | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 2.18 | 0.89% | 245.87 | 247.39 | 244.08 | 244.23 | 1,558,859 | 01:00:00 |
From Nov 2023 to May 2024
By Dean Seal
Air Products & Chemicals expects to log higher adjusted earnings in fiscal 2024.
The Allentown, Pa.-based provider of essential industrial gases and chemicals expects adjusted earnings, which strip out one-time items, of $12.80 to $13.10 a share for fiscal 2024, up about 13% at the midpoint from its fiscal 2023 figure. Analysts surveyed by FactSet had been expecting $12.84 a share.
For the fiscal first quarter that started Oct. 1, adjusted earnings are projected to be $2.90 to $3.05 a share, up 13% at the midpoint and in line with analyst forecasts for $3 a share, according to FactSet.
The company expects capital expenditures of $5 billion to $5.5 billion. In fiscal 2023, it was $5.22 billion.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
November 07, 2023 06:38 ET (11:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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