UPDATE: Air Products Posts 12% Increase In Q1 Profit, Lifts Year Forecast

Air Products & Chemicals (NYSE: APD ) reported a 12% rise in its fiscal-first quarter earnings. For the year, the company lifted its earnings forecast to $5.70 to $5.90 per share, versus its earlier outlook of $5.65 to $5.85 per share. For the current quarter, it projects earnings of $1.34