Lincoln Electric Announces 29% Decline In Q4 Profit

(RTTNews) - Lincoln Electric (LECO) reported a profit for fourth quarter that declined from last year.

The company said its earnings totaled $53.82 million, or $0.75 per share. This was down from $75.38 million, or $0.96 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.78 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 17.0% to $567.99 million. This was down from $683.95 million last year.

Lincoln Electric earnings at a glance:

-Earnings (Q4): $53.82 Mln. vs. $75.38 Mln. last year. -Earnings Decline (Y-o-Y): -28.6% -EPS (Q4): $0.75 vs. $0.96 last year. -EPS Decline (Y-o-Y): -21.9% -Analysts Estimate: $0.78 -Revenue (Q4): $567.99 Mln vs. $683.95 Mln last year. -Revenue Change (Y-o-Y): -17.0%