Lincoln Electric: Q3 Earnings Snapshot
CLEVELAND (AP) — CLEVELAND (AP) — Lincoln Electric Holdings Inc. (LECO) on Friday reported third-quarter earnings of $129.3 million.
On a per-share basis, the Cleveland-based company said it had net income of $2.22. Earnings, adjusted for one-time gains and costs, were $2.40 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share.
The manufacturer of specialized welding products and other equipment posted revenue of $1.03 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $1.05 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LECO at https://www.zacks.com/ap/LECO
