NEW YORK, NY--(Marketwire - Nov 9, 2012) - Companies within the diversified machinery industry turned in mixed results as a whole in the third quarter. Several impressed with wider margins, improved profits and increased revenues but also drew attention to uneven demand amidst global economic uncertainty. Specifically, recent results from Ingersoll-Rand Plc and ITT Corporation, were both encouraging while also giving reason to be cautious. StBulls.com has initiated technical analysis on Ingersoll-Rand Plc (
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Positive reports were frequently tempered by declining sales in certain markets. Namely, electronics, automotive and energy end-markets are all showing signs of weakness at this time. Machinery makers with strong ties to these are particularly vulnerable. Investors may want to look closely at revenue breakdowns to mitigate exposure to waning demand.
Many are taking a proactive approach to demand uncertainty though. Projects are being delayed or canceled, workforces reduced, output cut and expenses slashed. These efforts should help soften the effects of uneven demand but will likely make significant gains difficult.
Earnings highlights from Ingersoll-Rand show earnings of $321.6 million, whilst ITT's operating profit and revenue came in better following the spin-off. Investors looking for technical analysis on Ingersoll-Rand Plc or ITT Corporation are encouraged to use the link below
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- Financial Technical Analysis
- ITT Corporation