Making Financial Headlines · Page 9
Linde's Solid Quarter Helps Shareholders Breathe Past an Overhang
· New York time
Linde delivered a good quarter and addressed an overhang on its stock, while the breakdown of its industrial gases business by end market also looked solid, according to CNBC's assessment. The result offered investors a more reassuring picture of a company whose products serve a range of industrial customers. The report identifies the stock overhang as an issue the company addressed, without making the quarterly result depend on a single customer or market. Investors can assess both the operating picture and the concern that had been weighing on the shares. Industrial gases rarely get the attention afforded to the latest technology theme, even though the businesses using them need a steady supply. Linde's quarter made a case for the less theatrical end of the market. The product may be invisible, but investors finally had something concrete to discuss besides the cloud over the stock.
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