Stock Track | Lincoln Electric Plummets 6.71% Intraday After Q4 Revenue Misses Estimates
Stock Track
Feb 12
Lincoln Electric's stock plummeted 6.71% during intraday trading on Thursday, following the release of its fourth-quarter financial results.
The sharp decline came after the industrial machinery company reported Q4 net sales of $1.079 billion, which fell short of the analyst consensus estimate of $1.099 billion. While sales showed a 5.5% year-over-year increase, the miss against expectations appears to have disappointed investors.
Notably, the company's adjusted earnings per share of $2.65 exceeded the estimated $2.54, but this positive metric was overshadowed by the revenue shortfall, leading to significant selling pressure at the market open.
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