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Air Products & Chemicals

(APD) - Get Air Products and Chemicals, Inc. Report

warned that second-quarter earnings will miss analysts' estimates due in part to higher energy and raw materials costs.

The company now expects to earn 51 cents to 54 cents a share, compared with 54 cents a share in the year-ago period. Analysts expect the company to earn 56 cents a share.

The company said it revised expected earnings due to lower-than-expected volumes in its North American merchant gases and performance emulsions businesses. Higher energy and raw material costs also impacted the company's merchant gases, performance polymers and methylamines businesses.

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The higher energy and raw material costs accounted for about a 3-cent reduction from the company's original outlook for the quarter, Air Products said in a press release. Natural gas averaged about $2 per million BTUs more than the roughly $4 per million BTUs cost incurred in the company's prior quarter.

Lehigh Valley, Pa.-based Air Products is a supplier of gas to manufacturers and the health care industry. The company will release quarterly results on April 24 before the market opens.

Shares of the company closed at $42.67 Friday on the

New York Stock Exchange