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Air Products' Earnings Improve; Beat Analysts Estimates

6:18 AM MDT | October 21, 2010 | Kerri Walsh

Air Products' net income rose 20%, to $294 ($1.35/share) on sales up 10%, to $2.4 billion for its fiscal fourth-quarter ended September 30. The consensus of analysts estimates was for $1.32/share as reported by Reuters. Earnings exclude charges totaling $22 million (10 cts/share) for costs associated with the company's offer to by Airgas. Air Products cites improved volumes for the rise in sales and earnings. Air Products today announced an initial earnings guidance for its fiscal year 2011 of $5.50-$5.70/share, representing year-over-year earnings growth of...

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