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Praxair Stock Is Smoking on 1Q18 Earnings and Revenue Beat

Praxair Stock Is Smoking on 1Q18 Earnings and Revenue Beat

Praxair (PX), the top industrial gas company, reported revenues of ~$3.0 billion for 1Q18 today, reflecting growth of 9.9% over 1Q17. Higher volumes, price improvement, and favorable foreign currency fueled Praxair’s revenue growth. Praxair’s revenue grew across all of its reporting segments, led by Asia at 21%, Europe at 20%, North America at 7%, and Surface Technologies at 11%, while South America declined 1%, inclusive of currency impact.