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Article: Praxair Reports Third-Quarter Results.(Financial report)
- Article from:
- China Weekly News
- Article date:
- November 10, 2009
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Praxair, Inc. (NYSE:PX) reported third-quarter net income and diluted earnings per share of $325 million and $1.04, respectively. These results include a net after-tax benefit of $7 million, or 2 cents of diluted earnings per share, resulting from a $306 million pre-tax charge, and $313 million of income tax benefits, related primarily to a Brazilian government tax amnesty program.
Excluding these items, net income was $318 million and diluted earnings per share were $1.02, as compared to $355 million and $1.11 in the prior-year quarter.*
Sales in the third quarter were $2,288 million, 20% below $2,852 million in the third quarter of 2008. Excluding the ...