U.S. Markets closed

Ingersoll-Rand: 1Q Earnings Snapshot

DUBLIN (AP) _ Ingersoll-Rand PLC (IR) on Tuesday reported first-quarter net income of $199.9 million.

The Dublin-based company said it had profit of 82 cents per share. Earnings, adjusted for one-time gains and costs, came to 89 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

The manufacturer posted revenue of $3.58 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $3.5 billion.

Ingersoll-Rand expects full-year earnings in the range of $6.15 to $6.35 per share.

Ingersoll-Rand shares have risen 32% since the beginning of the year, while the Standard & Poor's 500 index has increased 17%. The stock has risen 40% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IR at https://www.zacks.com/ap/IR