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Highlights
- Linde plc’s (NYSE:LIN) total surged 12% YoY in Q3, FY21.
- Linde expects its diluted EPS to be between US$10.52 and US$10.62 in FY 2021.
- Comcast Corporation’s (NASDAQ:CMCSA) revenue rose over 18% YoY in Q3, FY21.
Linde plc (NYSE:LIN) and Comcast Corporation (NASDAQ:CMCSA) on Thursday reported their third-quarter financial results before the opening bell.
The LIN stock was down 0.51% to US$317.34, while CMCSA stock traded at US$52.39, down 0.10%, at around 11:28 am ET from their previous close.
Third-quarter earnings highlights:
Also Read: Sony Corp (SONY) posts net income of US$1.94 bn in Q2
Linde plc (NYSE:LIN)
Linde plc is a leading engineering and industrial gas company based in Dublin, Ireland. It provides atmospheric and process gases.
The company's sales increased by 12% YoY to US$7.7 billion in Q3, FY21. Its operating profit was US$1.29 billion, as compared to US$969 million in the same quarter of the previous year.
Linde's net income came in at US$979 million, or US$1.88 per diluted share, as compared to US$700 million, or US$1.32 per diluted share in Q3, FY20.
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The company has updated its adjusted diluted EPS guidance for fiscal 2021 to be between US$10.52 and US$10.62, up 28% and 29% from the previous year. It has a market cap of US$164.28 billion, a P/E ratio of 51.06, and a forward P/E one year of 30.64. Its EPS is US$6.23.
The 52-week highest and lowest stock prices were US$321.42 and US$214.14, respectively. Its trading volume was 1,535,968 on October 27.
Also Read: Hess Corp (HES) revenue jumps 54% as sales improve in Q3
Also Read: McDonald's (MCD) Q3 profits soar as global store sales grow
Comcast Corporation (NASDAQ:CMCSA)
Comcast is a media and technology company that provides a range of communication services to its customers. It is based in Philadelphia, Pennsylvania.
Its third-quarter results topped Wall Street expectations.
The revenue surged 18.7% YoY to US$30.29 billion in Q3, FY21. Its adjusted net income came in at US$4.03 billion, up 34.6% from US$3.00 billion in the same quarter of the previous year.
Comcast's earnings per share were US$0.86 compared to US$0.44 per share in Q3, FY20.
Analysts expected earnings of US$0.75 per share on revenue of US$29.87 billion.
Also Read: Fiserv (FISV) profits soar, Spotify (SPOT) subscriptions, ad sales grow
Comcast’s cable communications segment added 255,000 customers, while the broadband segment added 300,000 users.
Its market cap is US$239.51 billion, the P/E ratio is 19.47, and the forward P/E one year is 16.86. Its EPS is US$2.68. The stock saw the highest price of US$61.80 and the lowest price of US$40.97 in the last 52 weeks. Its share volume on October 27 was 22,840,260.
Also Read: Bristol Myers (BMY), GlaxoSmithKline (GSK) post strong revenue growth
Bottomline
The LIN stock gained 23.24% YTD, while the CMCSA rose 3.82% YTD. On the other hand, the S&P 500’s technology and material sectors rose 21.98% and 16.68%, respectively. However, investors should exercise due diligence before investing in stocks.
