Specialty Chemicals Major Linde Shares Are Surging Today: What's Going On?
Portfolio Pulse from Lekha Gupta
Linde PLC (NASDAQ:LIN) shares surged after reporting strong Q4 FY23 results with sales and adjusted EPS beating consensus. Sales rose 5% Y/Y to $8.30 billion, and adjusted EPS was $3.59, surpassing the $3.49 consensus. The company also reported a significant increase in operating profit and margin expansion. Linde expects adjusted EPS for Q1 2024 to be between $3.58 and $3.68, and FY24 adjusted EPS to be between $15.25 and $15.65. Additionally, Linde announced new renewable energy deals in China and an expanded agreement with Steel Authority of India Limited.
February 06, 2024 | 6:26 pm
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POSITIVE IMPACT
Linde PLC reported strong Q4 FY23 results, with sales and adjusted EPS exceeding expectations. The company also provided an optimistic outlook for FY24 and announced significant partnerships.
Linde's strong Q4 FY23 performance and optimistic outlook for FY24, along with strategic partnerships, are likely to positively impact investor sentiment and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100