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Praxair's First Quarter Meets Estimates
Hit by shrinking demand, Praxair(PX Quote) reported a 6% decline in first-quarter earnings from a year ago, in line with Wall Street estimates.
The Danbury, Conn., industrial-gas maker had earnings of $290 million, or 93 cents per share, for the quarter, down from $307 million, or 96 cents a share, a year ago.
Revenue, meanwhile, dropped 20% to $2.12 billion from $2.66 billion. ...
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