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Ingersoll-Rand (IR +1.8%) gains despite a mixed Q4 report, beating on EPS but missing on...
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Wednesday, February 8, 2012, 12:12 PM ETIngersoll-Rand (IR +1.8%) gains despite a mixed Q4 report, beating on EPS but missing on revenue. Earnings rose 14% Y/Y largely due to a tax benefit and stronger margins, but sales declined overall at most of its main businesses. The company also projects FY12 to be below Street expectations, now seeing $2.90 - $3.10 per share on revenue of around $14B, below EPS estimates of $3.12 on $14.6B in revenue.
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