Lincoln Electric (LECO) Tops Q3 EPS by 22c
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Lincoln Electric Holdings Inc. (Nasdaq: LECO) reports Q3 EPS of $0.63, 22 cents better than the analyst estimate of $0.41. Revenue for the quarter was $441.8 million, which compares to the estimate of $406.8 million.
"I am pleased that our third quarter results reflect good sequential improvements in profitability," said John M. Stropki, Chairman and Chief Executive Officer. "Despite the continued softness of the overall global markets, we saw a slight improvement in our sales level during the third quarter which has carried over to the start of the fourth quarter. The sales improvement, coupled with the introduction of over 100 new products during the third quarter, give us reason to be cautiously optimistic about the near term."
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