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Lincoln Electric Q4 adjusted earnings Beat Estimates

Lincoln Electric (LECO) reported earnings for its fourth quarter that increased from last year.

The company's earnings totaled $86.84 million, or $1.35 per share. This compares with $24.18 million, or $0.36 per share, in last year's fourth quarter.

Excluding items, Lincoln Electric reported adjusted earnings of $83.54 million or $1.29 per share for the period.

Analysts had expected the company to earn $1.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.4% to $743.83 million from $747.19 million last year.

Lincoln Electric earnings at a glance:

-Earnings (Q4): $83.54 Mln. vs. $67.51 Mln. last year.
-EPS (Q4): $1.29 vs. $1.01 last year.
-Analysts Estimate: $1.20
-Revenue (Q4): $743.83 Mln vs. $747.19 Mln last year.

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