Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Lincoln Electric Q1 Profit Rises - Quick Facts

RELATED NEWS
Trade LECO now with 
4/24/2012 8:00 AM ET

Lincoln Electric Holdings Inc.(LECO: Quote) reported that net income for the first quarter 2012 was $64.2 million, or $0.76 per share, up from $46.9 million, or $0.55 per share, in the first quarter 2011. Adjusted net income for 2012 increased to $64.2 million, or $0.76 per share, from $42.3 million, or $0.50 per share, in 2011

Sales were $727.1 million in the first quarter 2012 versus $599.2 million in the comparable 2011 period, an increase of 21.4%.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.66 per share on revenues of $702.25 million for the quarter. Analysts' estimates typically exclude special items.

Click here to receive FREE breaking news email alerts for Lincoln Electric and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Intel Corp. said Tuesday after the markets closed that its first quarter profit fell 5% from last year, hurt mainly by higher income tax expenses even as revenue grew slightly. The company's quarterly earnings per share came in above analysts' expectations, but its quarterly revenue fell shy of analysts' forecast. With traders digesting a mixed batch of catalysts, stocks saw considerable volatility over the course of the trading day on Tuesday before closing mostly higher. The gains on the day extended the recovery off the two-month lows set last Friday. The major averages showed a notable rebound in afternoon trading to end the day in positive territory. U.S. President Barack Obama and his Russian counterpart Vladimir Putin spoke regarding the ongoing crisis in Ukraine for the first time in over two weeks on Monday, although the two leaders remain far apart on the cause of escalating tensions.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.