May 2 (Reuters) - Linde ( LIN ), the world's largest
industrial gases company, on Thursday reported adjusted earnings
per share above its target range, helped by higher pricing.
The U.S.-German company, which supplies gases such as
oxygen, nitrogen and hydrogen to factories and hospitals,
reported adjusted earnings per share up 10% at $3.75, against a
$3.67 forecast from analysts polled by LSEG.
Linde ( LIN ) is seen as a bellwether for industrial production as
it supplies gases for a wide range of customers in industries
such as chemicals, manufacturing and steel-making.
U.S. peer Air Products reported profits above market
expactations for the second quarter on Tuesday, as higher
margins offset lower sales.
Linde ( LIN ) also narrowed its full year earnings per share
forecast to between $15.30 and $15.60.
For the second quarter, it expects earnings per share
between $3.70 to $3.80.