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Air Products reports earnings up 3%

9:41 AM MST | January 23, 2013 | Kara Sissell

Air Products has reported net income of $277 million for its fiscal first quarter, ended 31 December 2012, up 3% from the year-ago quarter. Revenues were $2.6 billion, up 10% from the year-ago quarter, primarily because of acquisitions and improved volumes in the tonnage gases sector, the company says. Reported earnings were $1.30/share also up 3% from the year-ago quarter and 1 ct above analyst estimates as reported by Thomson Reuters. Global economic growth in the first quarter did not meet the company’s expectations, says Air Products president and CEO...

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