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Air Products reports flat income, issues 2013 guidance below expectations

10:31 AM MDT | October 19, 2012 | Robert Westervelt

Air Products reported net income of $305 million for the quarter ended 30 September, essentially flat with the year-ago quarter. Sales of $2.6 billion were up 4% versus the prior year. Reported adjusted earnings of $1.42/share were 1 ct below the median analyst estimate as reported by Thomson Reuters (New York). The company also announced initial earnings guidance for its 2013 fiscal year, ending 30 September 2013, that was 7% below the midpoint of analyst estimates as reported by Thomson Reuters....

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