(Reuters) – When Linde (NYSE:LIN), the world’s largest industrial gas company, said Thursday that it was raising its full-year earnings forecast, it said that it was because prices had gone up and there had been a lot of good gas flows.
Earnings per share for the US-German company that sells gases like oxygen and nitrogen to factories and hospitals are expected to rise by 11 percent to 13 percent this year, excluding the effects of currency fluctuations.
It was previously thought that the range would be between 10% and 13%.
There will be no Russian earnings from the middle of this year after Linde closes down its operations there, the company said. This is why the range is so wide, Linde said.
