Linde shares bounce on earnings, as margin expansion overshadows slight sales miss

Linde's superb quarterly results demonstrated once again why this is our favorite way to invest in the global transition to clean energy. Sales totaled $8.16 billion fell 7.3% year over year in the three months ended June 30, missing analyst expectations of $8.6 billion, according to LSEG, formerly known as Refinitiv. Adjusted earnings per share rose 17.1% and topped expectations, coming in at $3.63 compared with estimates of $3.57, according to LSEG. Adjusted operating profit jumped 14.

" One market that was down in the quarter was electronics, which declined in the mid-single-digit percentages, Lamba said. However, he said he sees the weaker parts of its electronics business beginning to recover in the first half of next year, as inventory levels stabilize and artificial intelligence boosts demand for the products Linde's customers make. As noted earlier, third-quarter adjusted operating margins were very strong — coming in at 28.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Jim Cramer's top 10 things to watch in the stock market ThursdayStocks are set to open lower as the Street prepares for another busy day of earnings.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Jim Cramer's top 10 things to watch in the stock market WednesdayStock futures were trading down in the premarket as the Street digested the first of the mega-cap earnings releases.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Here are the 10 stocks Jim Cramer is watching, including Apple and Exxon MobilHere are some of the tickers on my radar for Wednesday, Oct. 25, taken directly from my reporter’s notebook.
Herkunft: NBCDFW - 🏆 288. / 63 Weiterlesen »

Here are the 10 stocks Jim Cramer is watching, including Apple and Exxon MobilHere are some of the tickers on my radar for Wednesday, Oct. 25, taken directly from my reporter's notebook.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Jim Cramer sees little margin for error in Apple's upcoming earnings report“One penny, with this company, is enough to bring the stock down,” CNBC’s Jim Cramer said Wednesday.
Herkunft: NBCLA - 🏆 319. / 59 Weiterlesen »