By Kim Richters

Linde PLC on Thursday reported a fall in third-quarter profit, while sales also declined.

The industrial-gases and engineering company earned a quarterly net profit of $700 million, or $1.32 a share, compared with $735 million, or $1.35, a year earlier.

Sales fell to $6.86 billion from $7.00 billion.

Adjusted earnings from continuing operations were $2.15 a share, compared with $1.94 last year and analysts' expectations of $1.99, according to consensus estimates provided by FactSet.

The company raised its full-year adjusted earnings-per-share guidance to between $8.05 and $8.10, compared with a previous range of $7.60 to $7.80.

"Looking ahead, there is significant uncertainty in the environment, but regardless of the underlying economy, I have confidence in our business model and high-performance culture to continue growing earnings and cash flow for years to come," Chief Executive Steve Angel said.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

11-05-20 0648ET