Linde Q1 2024 Adj EPS $3.75 Beats $3.67 Estimate, Sales $8.100B Miss $8.380B Estimate
Portfolio Pulse from Benzinga Newsdesk
Linde (NYSE:LIN) reported Q1 2024 adjusted EPS of $3.75, surpassing the $3.67 estimate, marking a 9.65% increase from last year. However, sales of $8.100B fell short of the $8.380B estimate, a 1.14% decrease from the previous year.
May 02, 2024 | 10:03 am
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Linde's Q1 2024 earnings surpassed estimates with an adjusted EPS of $3.75, a 9.65% increase YOY, but sales missed estimates, showing a 1.14% decrease YOY.
While Linde's EPS beat may positively impact investor sentiment, the miss on sales forecasts could temper enthusiasm, leading to a neutral short-term price direction. The EPS beat indicates operational efficiency and profitability, but the sales miss raises concerns about growth prospects, balancing the stock's outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100