Market Overview

UPDATE: Praxair Posts Rise In Q3 Profit

Share:
Related PX
Oil Rig Counts Could Keep Falling In America: Here's Why
MKM: Sell REITs, Buy Utilities
Sequoia Fund Comments on Praxair (GuruFocus)

Praxair (NYSE: PX) reported a rise in its third-quarter profit.

Praxair's quarterly profit surged to $430 million, or $1.43 per share, from $429 million, or $1.40 per share, in the year-ago period. Excluding one-time items, Praxair earned $1.39 per share.

Its sales fell to $2.77 billion from $2.90 billion. However, analysts were expecting earnings of $1.39 per share on sales of $2.83 billion.

Praxair shares closed at $104.95 yesterday.

Posted-In: profitEarnings News

 

Related Articles (PX)

Get Benzinga's Newsletters