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Linde: 1Q Earnings Snapshot

Linde: 1Q Earnings Snapshot

Associated Press

GUILDFORD, Britain (AP) _ Linde plc (LIN) on Friday reported first-quarter earnings of $517 million.

The Guildford, Britain-based company said it had net income of 94 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.69 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.

The gas supplier posted revenue of $6.94 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $7.03 billion.

Linde shares have climbed 11% since the beginning of the year. The stock has increased 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LIN at https://www.zacks.com/ap/LIN