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Lincoln Electric Q2 adjusted earnings Beat Estimates

Lincoln Electric (LECO) released a profit for its second quarter that increased from last year.

The company's bottom line totaled $85.45 million, or $1.36 per share. This compares with $68.86 million, or $1.04 per share, in last year's second quarter.

Excluding items, Lincoln Electric reported adjusted earnings of $80.87 million or $1.28 per share for the period.

Analysts had expected the company to earn $1.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.7% to $777.01 million from $790.05 million last year.

Lincoln Electric earnings at a glance:

-Earnings (Q2): $80.87 Mln. vs. $80.41 Mln. last year.
-EPS (Q2): $1.28 vs. $1.22 last year.
-Analysts Estimate: $1.27
-Revenue (Q2): $777.01 Mln vs. $790.05 Mln last year.

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