"Air Products & Chemicals Q1 Earnings Fall Short, Shares Drop 10%"
Air Products and Chemicals reported a first quarter non-GAAP EPS of $2.82, missing expectations by $0.18, with revenue of $3 billion also falling short by $210 million. The company's Americas sales were down 10 percent, while Asia sales increased by two percent. Air Products and Chemicals updated its fiscal 2024 full-year adjusted EPS guidance to $12.20 to $12.50, and its second quarter adjusted EPS guidance to $2.60 to $2.75, both below consensus estimates.