Praxair Inc Issues Q2 2012 EPS Outlook In Line With Analysts' Estimates; Lowers FY 2012 Revenue Outlook; Raises Low End Of Prior FY 2012 EPS Outlook; Declares Dividend

Praxair Inc announced that for the second quarter of 2012, it expects diluted earnings per share (EPS) in the range of $1.40 to $1.45. For fiscal 2012, it expects sales in the range of $11.6 to $11.9 billion and diluted earnings per share to be in the range of $5.75 to $5.90. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.45 for the second quarter of 2012; and revenue of $11.9 billion and EPS of $5.83 for fiscal 2012. The Company also announced that the board of directors have declared a quarterly dividend of USD0.55 per share, unchanged from the previous quarter. The dividend is payable on June 15, 2012 to shareholders of record on June 7, 2012.