Why Shares of Air Products & Chemicals Are Falling Today

Shares of Air Products & Chemicals (NYSE: APD) were down 10% on Wednesday afternoon after the company reported earnings that fell short of expectations. The company expects issues to continue into 2021, and that is weighing on the stock today.

Prior to markets opening, Air Products reported fiscal fourth-quarter adjusted earnings of $2.19 per share on revenue of $2.32 billion. The sale number came in ahead of the $2.27 billion consensus, but the earnings were $0.02 per share below expectations.

Image source: Getty Images.

Continue reading

Source Fool.com