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Linde Q2 adjusted profit beats expectations

Linde PLC said its adjusted income from continuing operations for the second quarter totaled $1.00 billion, a gain of 10.5% from $905.0 million in the prior-year period.

Adjusted EPS increased 12.3% year over year to $1.83 in the second quarter from $1.63. The S&P Global Market Intelligence consensus normalized EPS estimate was $1.71 for the second quarter.

GAAP sales totaled $7.20 billion, compared with $3.04 billion in the second quarter of 2018. Operating profit came in at $669 million, compared with $689 million.

Year-to-date through June 30, Linde's adjusted income from continuing operations was $1.93 billion, or $3.52 per share, a rise from $1.74 billion, or $3.14 per share, in the prior-year period.

Linde expects adjusted EPS in the range of $6.95 to $7.18 in 2019, which represents an increase of 12% to 16% versus the prior year.