LONDON (dpa-AFX) - Industrial gases and engineering company Linde plc (LIN, LIN.DE), while reporting higher third-quarter profit above market estimates, on Friday issued fourth-quarter earnings view below the Street. Further, the firm tightened its fiscal 2025 outlook.
In the pre-market activity, the shares were losing around 1.8 percent to trade at $422.12.
For the fourth quarter of 2025, Linde expects adjusted earnings per share in the range of $4.10 to $4.20, up 3 percent to 6 percent versus the prior-year quarter.
The Wall Street analysts on average expect the company to report earnings of $4.23 per share. Analysts' estimates typically exclude special items.
Further, for fiscal 2025, the company now expects adjusted earnings per share to be in the range of $16.35 to $16.45, up 5 percent to 6 percent versus the prior year.
The company previously expected adjusted earnings of $16.30 to $16.50 per share, representing 5 percent to 6 percent growth year-over-year.
The Street expects earnings of $16.45 per share for the year.
in its third quarter, the company's earnings came in at $1.929 billion or $4.09 per share, compared to $1.550 billion or $3.22 per share last year.
Adjusted earnings were $1.987 billion or $4.21 per share for the period.
Analysts on average had expected the company to earn $4.18 per share.
The company's sales for the period rose 3.1 percent to $8.62 billion from $8.36 billion last year. Analysts expected sales of $8.62 billion for the quarter.
Underlying sales increased 2 percent from price attainment as volumes were flat.
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