Movement Alert｜Linde PLC Pre-Market Rise 3.12% in Pre-Market Trading, quarterly results beat expectations

Market Focus10-29 17:40

On October 29, Linde PLC rose 3.12% in Pre-Market Trading, trading at $523.56 per share with turnover of $1.182 million.

The move followed the company’s latest quarterly results, which came in ahead of market expectations. Adjusted EPS was reported at $4.59 versus the $4.52 consensus estimate, while revenue reached $9.40 billion versus the expected $9.14 billion.

The earnings beat arrived against a backdrop of already constructive expectations ahead of the release, with consensus previously pointing to revenue growth of 6.18% year over year and adjusted EPS growth of 8.10%. Recent analyst positioning was also supportive: Jefferies raised its price target to $591 on October 23, above the broader analyst mean target near $546.76. Separately, Linde recently expanded industrial gas supply capacity for Tata Steel in Odisha, lifting regional oxygen capacity above 7,000 tons per day under a long-term agreement, reinforcing longer-term growth visibility.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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