in this issue
People & Business :: Earnings/Finance
Praxair reports sales growth, earnings drop on foreign currency translation
12:23 PM MDT | April 24, 2013 | Lindsay Frost
Praxair reports first-quarter sales growth despite weakness in Europe, but foreign currency translation negatively impacted the company’s earnings. Net income fell 7% year-on-year (YOY), to $391 million, and includes a $23 million pretax charge related to currency devaluation in Venezuela, the company says. Earnings per share of $1.30/share fell below analyst estimates of $1.38/share, as reported by Thomson Reuters (New York). Sales increased 2%, to $2.9 billion, driven by Asia and South America, while growth moderated in North America and weakened in...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee