Praxair 3Q Earnings Fall 8 Percent As Sales Slump

DANBURY, Conn. (AP) — Praxair Inc. said Wednesday its third-quarter earnings fell 8 percent, on a steep decline in sales due to weak demand across the industries it serves including aerospace, electronics, health care and manufacturing.

But the industrial gas producer said its sales slide was countered by initiatives to cut costs across its business.

Praxair earned $325 million, or $1.04 per share, compared with $355 million, or $1.11 per share, a year ago. ...