News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

'We own a lot, and we should continue to own a lot of Linde stock, ' Jim Cramer said on Thursday.

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.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

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.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

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.
Fonte: NBCDFW - 🏆 288. / 63 Consulte Mais informação »

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.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

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.
Fonte: NBCLA - 🏆 319. / 59 Consulte Mais informação »