Lincoln Electric (LECO -4.36%) investors were hoping Wednesday that their company's first quarterly earnings report of 2025 wouldn't be indicative of how the rest of the year would go. The welding-products maker missed on the consensus analyst profitability estimate, and the market punished it by sending its stock to a more than 4% loss in price. The S&P 500 index (^GSPC 0.15%), meanwhile, rose almost 0.2% on the day.A mixed first quarterFor the quarter, Lincoln Electric's net sales were slightly over $1 bi ...