India, May 1 -- Air Products And Chemicals Inc. (APD) reported Thursday a hefty loss in its second quarter, compared to prior year's profit, hit by a charge, amid slightly lower sales. Adjusted earnings and sales missed market estimates.
Further, the company issued third-quarter earnings view, and lowered fiscal 2025 forecast, both below the market estimates.
In pre-market activity on the NYSE, Air Products shares were losing around 7 percent to trade at $252.00.
For the third quarter, Air Products projects adjusted earnings per share of $2.90 to $3.00.
The Wall Street analysts on average expect the company to report earnings of $3.28 per share. Analysts' estimates typically exclude special items.
Further, for fiscal 2025, the company ...