UPDATE: Ingersoll Rand Posts Rise In Q3 Profit, Issues Weak Q4 Forecast

Ingersoll Rand Plc IR reported a rise in its third-quarter earnings, but issued a weak fourth-quarter forecast. Ingersoll Rand expects Q4 earnings of $0.64 to $0.70 per share on sales of $3.4 billion to $3.5 billion. However, analysts were expecting earnings of $0.79 per share on revenue of $3.51 billion. Ingersoll Rand's quarterly earnings climbed to $321.6 million, or $1.03 per share, from $86.2 million, or $0.25 per share, in the year-ago period. Excluding items, the company earned $1.07 per share, versus analysts' estimates of $0.98 per share. Its sales declined 8% to $3.59 billion, versus analysts' estimates of $3.65 billion. Ingersoll Rand shares gained 0.42% to $45.85 in after-hours trading.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceprofit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!