Lincoln Electric Holdings Q3 2024 Adj EPS $2.14 Beats $2.08 Estimate, Sales $983.76M Miss $990.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lincoln Electric Holdings reported Q3 2024 earnings per share of $2.14, beating the estimate of $2.08, but sales of $983.76 million missed the $990.87 million estimate. Both earnings and sales decreased compared to the same period last year.
October 31, 2024 | 11:33 am
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Lincoln Electric Holdings reported Q3 2024 earnings per share of $2.14, beating the estimate of $2.08, but sales of $983.76 million missed the $990.87 million estimate. Both earnings and sales decreased compared to the same period last year.
The earnings per share beat the estimates, which is a positive sign, but the sales missed the estimates and both metrics showed a decline compared to the previous year. This mixed result may lead to a neutral short-term impact on the stock price as investors weigh the positive EPS against the negative sales performance.
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