Air Products & Chemicals, Inc. Misses On Sales, ConocoPhillips Beats

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Air Products & Chemicals, Inc. Misses On Sales, ConocoPhillips Beats
By Mtaylor848 (Own work) [CC BY-SA 3.0], via Wikimedia Commons

Air Products and ConocoPhillips released their latest earnings reports before opening bell this morning. Air Products reported non-GAAP earnings of $1.55 per share, which was a 17% increase year over year and in line with the consensus estimate. The company posted $2.42 billion in revenue, which missed the consensus of $2.61 billion and marked a 6% decline from last year.

ConocoPhillips reported losses of 18 cents per share, excluding items, on $372.2 million in revenue. Analysts had been expecting losses of 22 cents per share. In the same quarter a year ago, the oil giant reported adjusted earnings of $1.81 per share.

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