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Lincoln Electric (LECO) Stock Jumps on Q3 Earnings Beat

NEW YORK (TheStreet) -- Shares of Lincoln Electric (LECO) were rising 5.81% to $66.64 on heavy trading volume mid-afternoon Friday after the company posted better-than-expected earnings for the 2016 third quarter.

Before today's opening bell, the Euclid, OH-based maker of welding, cutting and brazing products reported adjusted earnings of 89 cents per diluted share, surpassing analysts' estimates of 83 cents per share.

Revenue fell 12% to $567.6 million year-over-year. Analysts were looking for revenue of $582.3 million.

"As we...