Stock Track | Linde Shares Plunge Despite Q3 Earnings Beat and Raised Guidance

Stock Track

Oct 31, 2024

Shares of Linde PLC, the world's largest industrial gases company, plunged more than 6% in pre-market trading on Wednesday despite the company reporting better-than-expected third-quarter earnings and raising its full-year guidance.

Linde reported adjusted earnings per share of $3.94 for the September quarter, beating analysts' consensus estimate of $3.89. The company's sales of $8.36 billion also surpassed expectations, though the 2.46% year-over-year increase was relatively modest.

Despite the earnings beat, investors appeared to be disappointed, sending Linde's stock tumbling in early trading. The sell-off may have been fueled by concerns over the company's outlook and the broader macroeconomic environment.

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The company's sales of $8.36 billion also surpassed expectations, though the 2.46% year-over-year increase was relatively modest.</p>\n\n<p>Despite the earnings beat, investors appeared to be disappointed, sending Linde's stock tumbling in early trading. The sell-off may have been fueled by concerns over the company's outlook and the broader macroeconomic environment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LIN","symbol_name":"林德气体","start_time":0,"source_url":"","article_id":"1146055291","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146055291","pubTimestamp":1730371590,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Linde PLC, the world's largest industrial gases company, plunged more than 6% in pre-market trading on Wednesday despite the company reporting better-than-expected third-quarter earnings and raising its full-year guidance.Linde reported adjusted earnings per share of $3.94 for the September quarter, beating analysts' consensus estimate of $3.89. 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