Lincoln Electric Q1 adjusted earnings Beat Estimates

(RTTNews) - Lincoln Electric (LECO) reported earnings for its first quarter that rose from last year.

The company's bottom line came in at $60.82 million, or $0.92 per share. This compares with $55.84 million, or $0.84 per share, in last year's first quarter.

Excluding items, Lincoln Electric reported adjusted earnings of $73.28 million or $1.10 per share for the period.

Analysts had expected the company to earn $1.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 30.4% to $757.70 million from $580.90 million last year.

Lincoln Electric earnings at a glance:

-Earnings (Q1): $73.28 Mln. vs. $58.58 Mln. last year. -EPS (Q1): $1.10 vs. $0.88 last year. -Analysts Estimate: $1.09 -Revenue (Q1): $757.70 Mln vs. $580.90 Mln last year.