Ingersoll-Rand PLC (IR) Tops Q3 EPS by 6c

Ingersoll-Rand PLC (NYSE: IR) reported Q3 EPS of $1.10, $0.06 better than the analyst estimate of $1.04. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.35 billion.

“Our focus on new product development, services and effective operational execution has enabled us to deliver another solid quarter,” said Michael W. Lamach, chairman and chief executive officer. “We are pleased with what we’ve been able to accomplish through steady investment, productivity initiatives and a balanced, pragmatic approach to capital allocation. In addition, our bookings signal a solid Q4 as we look ahead to the end of a successful 2014.”

Ingersoll-Rand PLC sees FY2014 EPS of $3.20-$3.24, versus the consensus of $3.24.

For earnings history and earnings-related data on Ingersoll-Rand PLC (IR) click here.

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