Investing.com - Lincoln Electrics reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lincoln Electrics announced earnings per share of $2.04 on revenue of $935.20. Analysts polled by Investing.com anticipated EPS of $1.96 on revenue of $913.32M.
Lincoln Electrics shares are down 11% from the beginning of the year, still down 5.02% from its 52 week high of $148.54 set on November 22, 2021.
Lincoln Electrics shares gained 2.00% in intra-day trade following the report.
Lincoln Electrics follows other major Industrials sector earnings this month
Lincoln Electrics's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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