Ingersoll Rand Inc Q3 Profit Increases, beats estimates

Ingersoll Rand Inc (IR) announced earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $145.1M, or $0.36 per share. This compares with $126.0M, or $0.30 per share, in last year's third quarter.

Excluding items, Ingersoll Rand Inc reported adjusted earnings of $253.1M or $0.62 per share for the period.

Analysts on average had expected the company to earn $0.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.3% to $1.52 billion from $1.33 billion last year.

Ingersoll Rand Inc earnings at a glance (GAAP) :

-Earnings (Q3): $145.1M. vs. $126.0M. last year.
-EPS (Q3): $0.36 vs. $0.30 last year.
-Analyst Estimate: $0.59
-Revenue (Q3): $1.52 Bln vs. $1.33 Bln last year.

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