Lincoln Electric Q2 Income Climbs 13%

(RTTNews) - Lincoln Electric (LECO) released earnings for its second quarter that gained ground from last year.

The company said its bottom line came in at $64.85 million, or $0.97 per share. This was up from $57.37 million, or $0.83 per share, in last year's second quarter.

Analysts had expected the company to earn $0.93 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.8% to $626.86 million. This was up from $592.42 million last year.

Lincoln Electric earnings at a glance:

-Earnings (Q2): $64.85 Mln. vs. $57.37 Mln. last year. -Earnings Growth (Y-o-Y): 13.0% -EPS (Q2): $0.97 vs. $0.83 last year. -EPS Growth (Y-o-Y): 16.9% -Analysts Estimate: $0.93 -Revenue (Q2): $626.86 Mln vs. $592.42 Mln last year. -Revenue Change (Y-o-Y): 5.8%