Pentair Inc. (PNR) reported fourth-quarter net income attributable to the company of $29.35 million or $0.29 per share compared to $4.59 million or $0.05 per share last year.
Adjusted earnings per share from continuing operations attributable to the company was $0.47 compared to $0.41 last year.
On average, 15 analysts polled by Thomson Reuters expected the company to report profit of $0.43 per share for the quarter.
Analysts' estimates typically exclude special items.
Net sales decreased to $702.25 million from $767.64 million last year. Analysts expected revenue of $661.83 million for the quarter.
The company has updated its first quarter 2010 earnings per share guidance to a range of $0.32-$0.35.
The company also updated its full year 2010 EPS guidance range to $1.75-$1.90.
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