On July 31, Linde PLC declined 6.97% in regular trading, trading at 480.0 USD/share, with turnover of $373 million. The sell-off was triggered by the company's full-year and Q3 earnings guidance falling short of market expectations, despite a solid Q2 beat.
Linde reported Q2 adjusted EPS of $4.50, up 10.02% year-over-year, slightly beating the consensus estimate of $4.48. Revenue came in at $9.3 billion, up 9.3% year-over-year, exceeding the $8.989 billion estimate. However, the company updated its full-year adjusted EPS guidance to $17.70–$17.90, with the upper end still below the analyst consensus of $17.91. Q3 EPS guidance midpoint of $4.50 also fell short of the $4.54 expectation. The market's cautious repricing of forward guidance was the primary driver of the decline.
Additionally, the company announced approximately $1 billion in investment to expand a semiconductor customer's gas production facility in Phoenix, supplying ultra-high-purity nitrogen, oxygen, and argon. The CEO noted in the earnings call that the electronics business pipeline remains healthy, with the majority of projects originating from the US market.
(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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