Linde Q2 2024 Adj. EPS $3.85 Beats $3.78 Estimate, Sales $8.267B Miss $8.316B Estimate
Portfolio Pulse from Benzinga Newsdesk
Linde (NASDAQ:LIN) reported Q2 2024 adjusted EPS of $3.85, beating the estimate of $3.78, but sales of $8.267 billion missed the $8.316 billion estimate. EPS increased by 7.84% year-over-year, while sales grew by 0.77%.
August 02, 2024 | 10:10 am
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Linde's Q2 2024 adjusted EPS of $3.85 beat estimates by 1.85%, showing strong profitability. However, sales of $8.267 billion missed expectations by 0.59%, indicating slight revenue challenges.
The beat on EPS indicates strong profitability, which is positive for the stock. The slight miss on sales is a minor concern but is outweighed by the earnings beat. Overall, the news is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100