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People & Business :: Companies
Industrial Gases Makers Post Strong Fourth-Quarter Results
8:09 AM MST | January 23, 2008 | Kerri Walsh
U.S. industrial gases producers had a strong first quarter, and beat analystsâ€™ earnings estimates. Praxair reported net income up 17%, to $316 million (98 cts/share), on sales up 19%, to $2.5 billion. The consensus of analystsâ€™ estimates as reported by First Call (Boston) was 98 cts/share. The energy and manufacturing markets drove sales growth, Praxair says. Volume growth in North America improved to 5% from 2% in the third quarter. Praxair says it expects full-year 2008 earnings of $4.00-$4.20/share. First Callâ€™s consensus estimate is $4.17/share. Air...
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