Linde falls on downbeat Q2 profit forecast

Linde

01/05/2025 14:53

** U.S.-listed shares of industrial gases company Linde Plc LIN.O fall 1.7% to $445.39 in morning trade

** Company forecast downbeat Q2 adjusted earnings amid macroeconomic headwinds and weak demand in the European markets

** LIN expects Q2 adjusted profit between $3.95/share and $4.05/share vs analysts' estimate of $4.09/share - data compiled by LSEG

** Company forecasts 2025 adjusted profit of between $16.20/share and $16.50/share compared with previous forecast of $16.15/share to $16.55/share

** Company posts Q1 adjusted earnings of $3.95/share vs est. of $3.92/share

** Including session's moves, stock up 9.4% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))