Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Lincoln Electric Q1 Profit Rises - Quick Facts

RELATED NEWS
Trade LECO now with 

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

Quick Facts

Editors Pick
Stocks continue to show a lack of direction in mid-day trading on Tuesday following the long, holiday weekend. Even with the lackluster performance, the markets are largely holding on to the bulk of their recent gains. After reporting an unexpected drop in U.S. construction spending in the previous month, the Commerce Department released a report on Tuesday showing that construction spending rebounded by more than expected in the month of July. Activity in the U.S. manufacturing sector unexpectedly grew at an accelerated rate in the month of August, according to a report released by the Institute for Supply Management on Tuesday, with the index of activity in the sector climbing to a three-year high.
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.