CLEVELAND (AP) — CLEVELAND (AP) — Lincoln Electric Holdings Inc. (LECO) on Thursday reported third-quarter profit of $100.8 million.
On a per-share basis, the Cleveland-based company said it had profit of $1.77. Earnings, adjusted for one-time gains and costs, came to $2.14 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.
The manufacturer of specialized welding products and other equipment posted revenue of $983.8 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $970.1 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LECO at https://www.zacks.com/ap/LECO
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
