Lincoln Electric Posts Q3 Profit of $144.3 Million, Beats Analyst Estimates

Lincoln Electric Holdings Inc. (LECO) on Tuesday reported third-quarter profit of $144.3 million, or $2.63 per share, topping Wall Street expectations. Adjusted for pretax expenses and asset impairment costs, earnings were $2.98 per share. The average estimate of nine analysts surveyed by Zacks Investment Research was $2.81 per share. The Cleveland-based manufacturer of specialized welding products posted revenue of $1.22 billion, also surpassing forecasts. Eight analysts surveyed by Zacks expected $1.17 billion.