Lincoln Electric Holdings Q2 2024 Adj. EPS $2.34 Beats $2.29 Estimate, Sales $1.022B Beat $1.018B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lincoln Electric Holdings (NASDAQ:LECO) reported Q2 2024 adjusted EPS of $2.34, beating the estimate of $2.29. Sales were $1.022 billion, also surpassing the $1.018 billion estimate. However, both EPS and sales decreased compared to the same period last year.
July 31, 2024 | 11:32 am
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Lincoln Electric Holdings reported Q2 2024 adjusted EPS of $2.34, beating the estimate of $2.29. Sales were $1.022 billion, also surpassing the $1.018 billion estimate. However, both EPS and sales decreased compared to the same period last year.
The company's earnings and sales both beat analyst estimates, which is generally positive for the stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100