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Praxair 1Q Profit Slips On Falling Demand

Stock quotes in this article: PX  

DANBURY, Conn. (AP) — Industrial gas maker Praxair Inc. said Wednesday its first-quarter earnings slipped 6 percent as demand fell across its global markets and the company narrowed its full-year earnings outlook.

The company said it earned $290 million, or 93 cents per share, for the quarter ended March 31. It earned $307 million, or 96 cents per share, a year earlier.

Sales fell 20 percent to $2.12 billion from $2.66 billion, hurt in part by the stronger dollar. ...

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