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Praxair Inc.

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Over the long term, Praxair is well-positioned to leverage benefits from its diversified product portfolio and a large worldwide client base. Its efforts to invent products and improvise services, and expand globally through organic and inorganic means deserve a special mention. However, rising production costs, stiff competition, forex impacts and extreme dependence on energy might adversely impact the company's financials in the near term. In first-quarter 2016, the company's earnings of $1.28 per share beat the Zacks Consensus Estimate but fell 10.5% year over year. Revenues declined 9% year over year. Despite sales decline, lower costs of sales led to 50 bps improvement in gross margin. For 2016, Praxair expects earnings in the range of $5.35-$5.70, up 2-4% year over year excluding forex impacts.

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