Linde's Earnings Beat Estimates; Full-Year Guidance Confirmed

Linde posted a 15% increase in third-quarter 2011 earnings after taxes compared with the year-earlier period, to €305 million on sales up 4%, to €3.4 billion. Adjusted Ebitda increased 7% year on year, to €804 million, ahead of analysts' estimates of about €797 million. Linde provided no specific details of business in the third quarter but maintained its full-year 2011 guidance, based on the company's performance in the first nine months of the year. "We are continuing to make good progress and are able to confirm our previous...

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