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Praxair posts flat earnings

10:13 AM MDT | October 24, 2012 | Robert Westervelt

Praxair reported third-quarter net income of $430 million, up $1 million from the year-ago quarter. Sales in the quarter were $2.8 billion, 4% below the prior-year quarter. The company reported adjusted earnings of $1.39/share, down 1% from the year-quarter and matching analyst estimates as reported by Thomson Reuters (New York). Praxair says it expects diluted earnings in the fourth quarter to be in the range of $1.35–1.40/share, below the current median analyst estimate of $1.43/share....

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