Lincoln Electric Holdings Q3 Adj EPS $2.40 Beats $2.25 Estimate, Sales $1.03B Miss $1.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lincoln Electric Holdings (NASDAQ:LECO) reported Q3 adjusted earnings of $2.40 per share, beating the analyst consensus estimate of $2.25 by 6.67%. This is a 17.65% increase from the same period last year. However, the company's quarterly sales of $1.03 billion missed the analyst consensus estimate of $1.04 billion by 0.67%, but still represents a 10.45% increase from last year.
October 27, 2023 | 11:39 am
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Lincoln Electric's Q3 earnings beat estimates, but sales slightly missed expectations. This mixed report may lead to neutral or slightly positive market reaction.
Lincoln Electric's earnings beat and sales miss might balance each other out in terms of market reaction. The earnings beat indicates strong profitability, while the sales miss could raise concerns about growth. However, both earnings and sales are up YoY, which is a positive sign.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100