NEW YORK (TheStreet) -- Air Products & Chemicals (APD) shares are down -0.48% to $118.60 following the release of the company's second quarter earnings results.
The diversified chemical products company posted net income of $284 million, or $1.32 per diluted share in the quarter, missing analysts consensus EPS estimates by 3 cents.
Year over year quarterly revenue rose 3.9% to $2.58 billion, beating analysts consensus estimates of $2.55 billion.
The company's third quarter EPS guidance of $1.42 - $1.47 missed analysts estimates of $1.50 earnings per share for the quarter.
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TheStreet Ratings team rates AIR PRODUCTS & CHEMICALS INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate AIR PRODUCTS & CHEMICALS INC (APD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, growth in earnings per share, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows: