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Lincoln Electric Q3 adjusted earnings Inline With Estimates

Lincoln Electric (LECO) released a profit for third quarter that decreased from the same period last year.

The company's earnings came in at $70.54 million, or $1.07 per share. This compares with $106.13 million, or $1.59 per share, in last year's third quarter.

Excluding items, Lincoln Electric reported adjusted earnings of $79.41 million or $1.21 per share for the period.

Analysts had expected the company to earn $1.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.1% to $737.10 million from $669.49 million last year.

Lincoln Electric earnings at a glance:

-Earnings (Q3): $79.41 Mln. vs. $61.78 Mln. last year.
-EPS (Q3): $1.21 vs. $0.93 last year.
-Analysts Estimate: $1.21
-Revenue (Q3): $737.10 Mln vs. $669.49 Mln last year.

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