LIN Linde PLC

   By Dave Sebastian 
 

Linde PLC (LIN) posted higher profit for the third quarter, as sales more than doubled.

The industrial gases and engineering company reported net income of $735 million, or $1.35 a share, compared with $461 million, or $1.58 a share, in the same quarter a year earlier.

Adjusted earnings were $1.94 a share, compared with $1.54 from a year ago. Analysts polled by FactSet were expecting $1.79 a share.

Revenue rose to $7 billion from last year's $3.01 billion though slightly short of the $7.14 billion analysts were looking for.

On an adjusted basis, revenue was $6.99 billion, compared with $6.94 billion a year ago.

Cost of sales rose to $4.06 billion from $1.7 billion in the prior year.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

November 12, 2019 06:39 ET (11:39 GMT)

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