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Linde (LIN) Q3 Earnings Beat Estimates, Revenues Miss

Zacks Equity Research

Earnings Beat: Linde plc LIN reported third-quarter 2019 adjusted earnings from continuing operations of $1.94 per share, beating the Zacks Consensus Estimate of $1.78. 

Estimate Picture: Investors should note that the Zacks Consensus Estimate for the quarter has not seen any revisions in the last seven days.

Linde plc. Price and EPS Surprise

Praxair, Inc. Price and EPS Surprise

Linde plc. price-eps-surprise | Linde plc. Quote

Revenues Miss: Revenues of $7,000 million marginally missed the Zacks Consensus Estimate of $7,140 million.

Zacks Rank & Surprise History: Currently, Linde carries a Zacks Rank #2 (Buy), which is subject to change following the earnings announcement.

(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)

Coming to earnings surprise history, the company has an excellent record: it has beat estimates in the past two quarters, the average positive earnings surprise being 7.2%.

Key Stats: Pro forma sales from Americas in the September quarter of 2019 were reported at $2,771 million, up from $2,627 million in the year-ago comparable period. Moreover, the segment contributed $671 million of proforma operating profit, suggesting an improvement from $622 million in third-quarter 2018.

From APAC unit, the company generated sales of $1,461 million, down from the year-ago quarter’s $1,539 million. However, the segment contributed $308 million operating profit in third-quarter 2019, up from $256 million in the prior-year period.

Linde decreased its sales from EMEA unit to $1,634 million from $1,695 million in the September quarter of 2018. The company, however, generated operating profit of $335 million from the segment, higher than $308 million in the prior-year quarter.

Check back later for our full write up on this Linde earnings report later!

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