Lincoln Electric Holdings Q2 Adj. EPS $2.44 Beats $2.32 Estimate, Sales $1.06B Miss $1.10B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lincoln Electric Holdings (NASDAQ:LECO) reported Q2 earnings of $2.44 per share, beating the analyst consensus estimate of $2.32 by 5.17%. This is an 11.93% increase from the same period last year. However, the company's quarterly sales of $1.06 billion missed the analyst consensus estimate of $1.10 billion by 3.55%, but still showed a 9.43% increase from the previous year.
July 27, 2023 | 11:31 am
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Lincoln Electric's Q2 earnings beat estimates but sales missed. This mixed result could lead to uncertain short-term price movements.
Lincoln Electric's earnings beat estimates, which is a positive signal for investors and could drive the stock price up. However, the missed sales estimate could counteract this effect, leading to uncertainty in short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100