Linde Q3 Adj EPS $3.63 Beats $3.57 Estimate, Sales $8.15B Miss $8.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Linde's Q3 adjusted earnings per share of $3.63 beat the analyst consensus estimate of $3.57 by 1.68 percent, a 17.1 percent increase from the same period last year. However, the company's quarterly sales of $8.15 billion missed the analyst consensus estimate of $8.62 billion by 5.39 percent, a 7.30 percent decrease from the same period last year.
October 26, 2023 | 10:01 am
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Linde's Q3 earnings beat estimates but sales fell short. This mixed result could lead to uncertainty in the market.
Linde's earnings beat estimates, which is a positive signal for investors. However, the missed sales target could indicate potential issues in the company's revenue generation, which could negatively impact the stock price. The mixed results make it difficult to predict the short-term price direction.
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