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Praxair (PX) Stock Slumps After Downbeat Guidance

NEW YORK (TheStreet) -- Shares of Praxair (PX) were retreating at the start of trading on Thursday after the company reported in-line results for the 2016 third quarter and gave a disappointing outlook.

Before the market open, the Danbury, CT-based industrial gas supplier reported adjusted earnings of $1.41 per diluted share on revenue of $2.7 billion, which met Wall Street's projections.

For the fourth quarter, Praxair sees earnings per diluted share between $1.36 and $1.43, below analysts' estimates. Wall Street is looking for earnings of $1.46 per share for the...