Lincoln Electric: Q3 Earnings Snapshot

CLEVELAND (AP) — CLEVELAND (AP) — Lincoln Electric Holdings Inc. (LECO) on Tuesday reported third-quarter profit of $144.3 million.

On a per-share basis, the Cleveland-based company said it had profit of $2.63. Earnings, adjusted for pretax expenses and asset impairment costs, were $2.98 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.81 per share.

The manufacturer of specialized welding products and other equipment posted revenue of $1.22 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $1.17 billion.

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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 LECO at https://www.zacks.com/ap/LECO