Linde (LIN) lifts guidance, Comcast (CMCSA) beats profit expectations

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:

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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.

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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.

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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.

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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.