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Linde ups 2020 guidance, reports Q3 beat on higher volumes, pricing

Nov 5 (Reuters) - U.S.-German industrial gas producer Linde raised its expectations for full-year earnings as it reported better-than-expected quarterly results on Thursday, citing increased industrial gas volumes and higher pricing.

The company now expects full-year adjusted earning per share (EPS) to grow by 10% in 2020, compared to its previous guidance of a 4% to 6% growth.

The world’s largest industrial gases group reported third-quarter adjusted EPS of $2.15, above the $1.97 expected on average by analysts according to a Refinitiv poll, and above the company guidance of $1.90 to $1.95. (Reporting by Bartosz Dabrowski in Gdansk Editing by Tomasz Janowski)

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