Lincoln Electric Earnings Rise 4% In Q1

(RTTNews) - Lincoln Electric (LECO) revealed a profit for its first quarter that rose from last year.

The company said its bottom line advanced to $55.84 million, or $0.84 per share. This was higher than $53.64 million, or $0.76 per share, in last year's first quarter.

Analysts had expected the company to earn $0.79 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.5% to $580.90 million. This was up from $550.72 million last year.

Lincoln Electric earnings at a glance:

-Earnings (Q1): $55.84 Mln. vs. $53.64 Mln. last year. -Earnings Growth (Y-o-Y): 4.1% -EPS (Q1): $0.84 vs. $0.76 last year. -EPS Growth (Y-o-Y): 10.5% -Analysts Estimate: $0.79 -Revenue (Q1): $580.90 Mln vs. $550.72 Mln last year. -Revenue Change (Y-o-Y): 5.5%