CLEVELAND (AP) — CLEVELAND (AP) — Lincoln Electric Holdings Inc. (LECO) on Thursday reported first-quarter net income of $136.4 million.
The Cleveland-based company said it had net income of $2.47 per share. Earnings, adjusted for one-time gains and costs, were $2.50 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.42 per share.
The manufacturer of specialized welding products and other equipment posted revenue of $1.12 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $1.07 billion.
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