Market Overview

UPDATE: Praxair Posts Drop In Q4 Profit, Declares Dividend

Related PX
Benzinga's Top Upgrades, Downgrades For September 7, 2017
6 Deals Are Live In Chemical Sector: Where Do They Stand?
Locust Wood Capital Advisers, Llc Buys Silver Run Acquisition Corp II, Microsoft Corp, ... (GuruFocus)

Praxair (NYSE: PX) reported a drop in its net income in the fourth quarter.

Praxair's quarterly profit declined to $414 million, versus $420 million, in the year-earlier period. Its earnings per share came in at $1.38. On an adjusted basis, Praxair's net income came in at $1.38 per share in the latest period.

Its quarterly sales came in at $2.8 billion. However, analysts were expecting earnings of $1.38 per share on revenue of $2.78 billion.

Praxair projects 2013 sales of around $12 billion and earnings of $5.85 to $6.10 per share. It also declared a dividend of $0.60 per share.

Praxair shares closed at $114.02 yesterday.

Posted-In: profitEarnings News Guidance Dividends


Related Articles (PX)

View Comments and Join the Discussion!

Partner Center