Lincoln Electric Q1 Profit Rises - Quick Facts

(RTTNews) - Welding products maker Lincoln Electric Holdings Inc. (LECO) reported that net income for the first quarter grew to $68.35 million or $0.89 per share from $56.45 million or $0.69 per share in the prior-year quarter, which included Venezuela foreign exchange losses.

Sales for the quarter decreased 4.0 percent to $657.90 million from $685.06 million in the same quarter last year. Excluding unfavorable foreign exchange, sales were up 4 percent.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.84 per share and revenues of $658.20 million for the quarter. Analysts' estimates typically exclude special items.