Lincoln Electric Holdings, Inc. (LECO - Free Report) delivered adjusted earnings of $1.28 per share in second-quarter 2019, up 4.9% year over year. The reported figure, however, missed the Zacks Consensus Estimate of $1.30.
Including one-time items, earnings in the reported quarter came in at $1.36 compared with $1.04 recorded in the prior-year quarter.
Total revenues edged down 1.7% year over year to $777 million, with 3.5% decrease in organic sales and 1.7% from unfavorable foreign-currency translation in the reported quarter. However, the revenue decline was partly offset by 3.4% benefit from acquisitions. Sales figure also missed the Zacks Consensus Estimate of $790 million.
Lincoln Electric Holdings, Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Lincoln Electric Holdings, Inc. (LECO - Free Report) delivered adjusted earnings of $1.28 per share in second-quarter 2019, up 4.9% year over year. The reported figure, however, missed the Zacks Consensus Estimate of $1.30.
Including one-time items, earnings in the reported quarter came in at $1.36 compared with $1.04 recorded in the prior-year quarter.
Total revenues edged down 1.7% year over year to $777 million, with 3.5% decrease in organic sales and 1.7% from unfavorable foreign-currency translation in the reported quarter. However, the revenue decline was partly offset by 3.4% benefit from acquisitions. Sales figure also missed the Zacks Consensus Estimate of $790 million.
Lincoln Electric Holdings, Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on ROP - FREE
Get the latest research report on LECO - FREE
Get the latest research report on JBT - FREE