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Linde: 3Q Earnings Snapshot

November 12, 2019 GMT

GUILDFORD, Britain (AP) _ Linde plc (LIN) on Tuesday reported third-quarter profit of $735 million.

The Guildford, Britain-based company said it had profit of $1.35 per share. Earnings, adjusted for one-time gains and costs, were $1.94 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.

The gas supplier posted revenue of $7 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $7.14 billion.

Linde expects full-year earnings in the range of $7.25 to $7.30 per share.

Linde shares have increased 24% since the beginning of the year. The stock has climbed 20% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LIN at https://www.zacks.com/ap/LIN