Published on 30 Jun 2022 on Zacks via Yahoo Finance
Linde (LIN) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Linde (LIN) closed at $287.53, marking a -1.33% move from the previous day. This change lagged the S&P 500's 0.88% loss on the day. Meanwhile, the Dow lost 0.82%, and the Nasdaq, a tech-heavy index, added 0.08%.
Heading into today, shares of the gas supplier had lost 8.82% over the past month, outpacing the Oils-Energy sector's loss of 14.09% and lagging the S&P 500's loss of 8.06% in that time.
Investors will be hoping for strength from Linde as it approaches its next earnings release. On that day, Linde is projected to report earnings of $2.99 per share, which would represent year-over-year growth of 10.74%. Meanwhile, our latest consensus estimate is calling for revenue of $8.39 billion, up 10.65% from the prior-year quarter.