Ingersoll-Rand (IR)

Ingersoll-Rand Plc Friday reported that its third-quarter net earnings were $216.6 million, or $0.65 per share, compared to net earnings $227.7 million, or $0.70 per share in the year ago quarter. Third-quarter 2009 earnings from continuing operations, excluding approximately $10 million of pre-tax restructuring costs, was $0.70. Adjusted net earnings attributable to the company for the latest quarter were $223.2 million or $0.67 per share. Net revenues for the quarter decreased 19% to $3.483 billion, from $4.313 billion for the 2008 third quarter.
The company now expects full-year 2009 adjusted earnings per share from continuing operations to be in the range of $1.60 to $1.70, compared to prior guidance of $1.50 to $1.80, reflecting lower fourth-quarter revenues.

Oct 23 · 10:24:00 AM · Source: Company News Release
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by Larry Etter