Lincoln Electric Q2 adjusted earnings Inline With Estimates
Lincoln Electric (LECO) announced earnings for its second quarter that rose from last year.
The company’s profit came in at $68.86 million, or $1.04 per share. This compares with $61.35 million, or $0.92 per share, in last year’s second quarter.
Excluding items, Lincoln Electric reported adjusted earnings of $80.41 million or $1.22 per share for the period.
Analysts had expected the company to earn $1.22 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 26.0% to $790.05 million from $626.86 million last year.
Lincoln Electric earnings at a glance:
-Earnings (Q2): $80.41 Mln. vs. $64.85 Mln. last year.
-EPS (Q2): $1.22 vs. $0.97 last year.
-Analysts Estimate: $1.22
-Revenue (Q2): $790.05 Mln vs. $626.86 Mln last year.
by RTTNews Staff Writer
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