Filed under: Earnings reports, Technical Analysis, Stocks to Buy

Airgas Inc. (NYSE: ARG) is the largest U.S. distributor of industrial gases, medical gases, specialty gases and welding equipment. The firm is also one of the largest U.S. distributors of safety products, the largest U.S. producer of nitrous oxide and dry ice, the largest liquid carbon dioxide producer in the Southeast, and a leading distributor of process chemicals, refrigerants, and ammonia products. More than 14,000 employees work at over 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers.

The firm surprised investors earlier in the week, when it reported fiscal Q3 EPS of 67 cents and revenues of $1.01 billion. Analysts had been looking for 65 cents and $1.0 billion. Management also guided Q4 EPS to 72-74 cents, versus Street consensus of 71 cents.

Continue reading Airgas (ARG): Shares defining bullish ‘flag’ consolidation

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