Linde plc : FY 2023 outlook provides limited upside to cons. & LIN guides for Q4 adj. EPS q-o-q decline, we expect muted EPS growth in the mid-term - Underperform

>Q4 2023 outlook implies a 6% q-o-q decline & limited upside to FY23 adj. EPS cons. - Linde reported Q3 2023 adj. EPS increase of 17% y-o-y to US$ 3.63 (+2% q-o-q), 1% ahead of consensus estimate of $ 3.58 and marginally exceeding the upper end of previously provided Q3 2023 company guidance ($ 3.48-3.58). Sales declined 7% y-o-y to $ 8.2bn in Q3 23 (css $ 8.6bn) as continuous price/mix tailwind of +5% was more than offset by lower volumes (-2%), energy price pass-thr...