CLEVELAND (AP) _ Lincoln Electric Holdings Inc. (LECO) on Tuesday reported second-quarter earnings of $96.1 million.
On a per-share basis, the Cleveland-based company said it had net income of $1.60. Earnings, adjusted for non-recurring costs, came to $1.67 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The manufacturer of specialized welding products and other equipment posted revenue of $826.5 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $786.4 million.
Lincoln Electric shares have risen 18% since the beginning of the year. The stock has climbed 50% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LECO at https://www.zacks.com/ap/LECO
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