Linde: 3Q Earnings Snapshot
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.