CLEVELAND (AP) — CLEVELAND (AP) — Lincoln Electric Holdings Inc. (LECO) on Thursday reported second-quarter earnings of $143.4 million.
The Cleveland-based company said it had profit of $2.56 per share. Earnings, adjusted for one-time gains and costs, were $2.60 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.32 per share.
The manufacturer of specialized welding products and other equipment posted revenue of $1.09 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.04 billion.
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