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Linde reports quarterly earnings beat, sees 4-6per cent 2020 EPS growth

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U.S.-German industrial gas producer Linde reported better-than-expected quarterly earnings on Thursday, saying higher operating margins helped ...

U.S.-German industrial gas producer Linde reported better-than-expected quarterly earnings on Thursday, saying higher operating margins helped offset the decline in volumes caused by the coronavirus pandemic.

FILE PHOTO: Linde Group logo is pictured close to a traffic sign near its headquarters in Munich, Germany August 15, 2016. REUTERS/Michaela RehleREUTERS: U.S.-German industrial gas producer Linde reported better-than-expected quarterly earnings on Thursday, saying higher operating margins helped offset the decline in volumes caused by the coronavirus pandemic.

The world's largest industrial gases group reported second-quarter adjusted earnings per share of US$1.90, above the US$1.65 expected on average by analysts according to a Refinitiv poll.For the full year, the company now expects adjusted diluted earnings per share to be in the range of US$7.60 to US$7.80, up 4per cent to 6per cent and broadly in line with its earlier guidance of medium- to high single digit percentage growth.

 

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