Published on 26 Apr 2024 on Zacks via Yahoo Finance
Air Products (APD) to Report Q2 Earnings: What's in the Offing?
Air Products and Chemicals, Inc. APD is slated to release second-quarter fiscal 2024 results before the opening bell on Apr 30.The industrial gas giant beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missing once. It pulled off a trailing four-quarter earnings surprise of around 0.5%, on average. The company delivered a negative earnings surprise of around 5.7% in the last reported quarter.Air Products is expected to have gained from cost-improvement and productivity initiatives in the fiscal second quarter. Higher volumes in the Americas segment and pricing are also expected to have aided the company's performance amid headwinds from weak economic growth in China.Shares of the company have lost 19.3% in the past year compared with a 6.6% decline of the industry.
