Lincoln Electric Bottom Line Falls 20% In Q2

(RTTNews) - Lincoln Electric (LECO) revealed earnings for second quarter that decreased from last year.

The company said its bottom line totaled $57.37 million, or $0.83 per share. This was lower than $71.80 million, or $0.95 per share, in last year's second quarter.

Analysts had expected the company to earn $0.83 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.9% to $592.42 million. This was down from $664.74 million last year.

Lincoln Electric earnings at a glance:

-Earnings (Q2): $57.37 Mln. vs. $71.80 Mln. last year. -Earnings Decline (Y-o-Y): -20.1% -EPS (Q2): $0.83 vs. $0.95 last year. -EPS Decline (Y-o-Y): -12.6% -Analysts Estimate: $0.83 -Revenue (Q2): $592.42 Mln vs. $664.74 Mln last year. -Revenue Change (Y-o-Y): -10.9%