Air Products Stock Tumbles on Weak Profit Forecast
1. APD shares fell over 5% after missing earnings outlook. 2. Adjusted earnings were $636.9 million, matching estimates. 3. New CEO, Eduardo Menezes, appointed following activist investor proxy battle. 4. Mantle Ridge claimed APD significantly underperformed industry rivals. 5. Despite recent drop, APD shares are up 40% year-over-year.