Lincoln Electric Holdings (LECO) Q2 Earnings and Revenues Beat Estimates

Lincoln Electric Holdings (LECO) came out with quarterly earnings of $2.34 per share, beating the Zacks Consensus Estimate of$2.30 per share. This compares to earnings of $2.44 per share a year ago. These figures are adjusted for non-recurring items. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Empirical research shows a strong correlation between near-te ...