DAVIDSON, N.C. (AP) — DAVIDSON, N.C. (AP) — Ingersoll Rand Inc. (IR) on Thursday reported second-quarter net income of $256.8 million.
On a per-share basis, the Davidson, North Carolina-based company said it had profit of 66 cents. Earnings, adjusted for one-time gains and costs, were 86 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The maker of flow control and compression equipment posted revenue of $2.05 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.96 billion.
Ingersoll expects full-year earnings in the range of $3.45 to $3.57 per share.
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