Linde extends its streak of earnings beats, flexes ability to handle any economy

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Linde PLC,Linde PLC,S&P 500 Index

The industrial gas supplier continues to deliver earnings growth in an 'industrial recession' over the past several quarters.

Linde on Friday reported another impressive quarter, as the industrial gas supplier continues to demonstrate its reliability and value in a diversified stock portfolio. Revenue in the second quarter totaled $8.27 billion, a bit shy of the $8.32 expected by analysts, according to estimates compiled by LSEG. On annual basis, overall revenue was up 0.8%. Adjusted earnings per share rose nearly 8% year over year to $3.85, topping expectations by 7 cents, LSEG data showed.

The Linde AG logo on a liquid hydrogen tanker truck taking a fuel delivery at the Linde hydrogen plant in Leuna, Germany, on Tuesday, July 14, 2020.on Friday reported another impressive quarter, as the industrial gas supplier continues to demonstrate its reliability and value in a diversified stock portfolio.

 

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