UPDATE: Pentair Posts Q4 Profit

Pentair

posted a profit in the fourth quarter. For the current quarter, Pentair expects earnings of $0.70 to $0.73 per share on revenue of around $1.8 billion. However, analysts projected earnings of $0.77 per share on revenue of $1.83 billion. Pentair posted quarterly earnings of $158.2 million, or $0.78 per share, versus a year-ago loss of $273.1 million, or $1.31 per share. Excluding one-time items, its earnings gained to $0.86 per share from $0.53 per share. Its sales surged 9.5% to $1.92 billion. The company in October expected adjusted earnings of $0.83 to $0.85 per share on sales of $1.8 billion. Pentair shares closed at $72.01 yesterday.