Referenced Stocks

UPDATE: Lincoln Electric Misses Q2 Estimates, Shares Drop 9%

By Midnight Trader,  July 30, 2012, 12:21:02 PM EDT

Lincoln Electric ( LECO ) dropped to a day's low of $38.83 this morning, and is currently down 9% at $40.44 on volume of 520,000, above 30-day avg volume of 457,706. LECO reported Q2 sales at $744 million, with adjusted EPS of $0.81. The Capital IQ estimate was for $0.86 on sales of $801.49 million.

It declared a quarterly cash dividend of $0.17 per share, which was paid on July 13 to holders of record as of June 29.

LECO trades in a 52-week range of $26.84 - $50.36. Shares have gained 17.8% in the last 12 months.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: LECO



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