Seeking Alpha

Ingersoll-Rand (IR +2%) moves up today on a solid Q4 earnings beat, despite posting flat sales...

Ingersoll-Rand (IR +2%) moves up today on a solid Q4 earnings beat, despite posting flat sales growth Y/Y. Net income actually shrank 2.7% as revenue fell on weaker contributions from its climate solutions segment. For FY13, the company forecasts earnings in line with consensus, with moderate growth in its industrial markets and across most of its businesses in Asia and Latin America. However, the company warns of softness in other areas, include refrigerated transportation and North American non-residential construction. Check out the earnings call here: Earnings Call Transcript.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)