Linde 1Q Profit Rose, Sales Fell
May 07 2020 - 6:59AM
Dow Jones News
By Kim Richters
Linde PLC on Thursday reported a rise in first-quarter profit
and sales.
The industrial gases and engineering company earned a quarterly
net profit of $573 million, or $1.07 a share, compared with $517
million, or $0.94, for the same period last year.
Adjusted earnings from continuing operations were $1.89 a share
compared with $1.69 last year and analysts' expectations for $1.86,
according to an estimate provided by FactSet.
Sales fell slightly to $6.74 billion from $6.94 billion.
"While it is very difficult to predict the future impact, I have
full confidence in our ability to continue to create shareholder
value given our resilient business model and inherent opportunities
to mitigate macroeconomic headwinds," Chief Executive Steve Angel
said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
May 07, 2020 06:44 ET (10:44 GMT)
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