Market Currents

• Friday, October 23, 2009

• 07:27 AM Ingersoll-Rand (IR): Q3 EPS of $0.70 beats by $0.09. Revenue of $3.48B (-19.2%) vs. $3.56B. Sees 2010 EPS of $2.00-2.40 vs. consensus of $1.98. "The outlook for the strength and timing of the global economic recovery and the performance of our end markets remains cloudy. A preliminary review of our internal cost reduction and productivity improvement actions for next year gives us confidence that we can grow our earnings for 2010 even if our markets remain weak." (PR) 2 Comments
• 00:05 AM Notable pre-market earnings: CACH, DOV, EXC, FO, HON, IR, MSFT, SLB, TROW, WHR Comment!

• Friday, July 24, 2009

• 09:00 AM Premarket gainers: CIT +26%. CNW +8%. RSH +5%. STP +5%. IR +5%. SOL +5%. LDK +4%.
  Losers: MSFT -8%. WFR -7%. AXP -5%. COF -4%. Comment!
• 07:15 AM Ingersoll-Rand (IR): Q2 EPS of $0.50 beats by $0.11. Revenue of $3.47B (+12.8%) in-line. Sees Q3 EPS of $0.55-0.70 vs. consensus of $0.52 and full-year EPS of $1.39-1.69 vs. $1.32. "Based on our recent order pattern and a review of customer and channel activity, we expect to continue to see reduced activity levels year over year for most of our major end markets for the second half of 2009." (PR) Comment!
• 00:05 AM Notable earnings before Friday's open: ACI, ASH, BDK, DOV, ERIC, EXC, FO, IR, PNK, SEPR, SLB, TROW, WL Comment!

• Wednesday, April 22, 2009

• 07:21 AM Ingersoll-Rand (IR): FQ1 EPS of -$0.04 beats by $0.09. Revenue of $2.93B (+35.6%) in-line. After saying in February that full-year EPS could be as low as $0.95, IR now sees full-year EPS of $1.40-1.90 vs. $1.40 consensus. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AAI, APD, ATI, BA, CAL, CFR, DOV, ECA, ELN, FCX, GENZ, GNTX, IR, KMB, MCD, MO, MS, NITE, NOC, PBG, PDS, R, SNV, STJ, SY, T, TIN, WFC, WLP Comment!

• Wednesday, February 11, 2009

• 09:00 AM Premarket gainers: XL +17%. IR +9%. FITB +9%. UBS 8%. GNW +8%. RF +7%. MT +7%. SNY +7%. DF +7%. RTP +7%. C +6%. CS +6%. GFI +5%. CF +5%. TS +5%. HBAN +5%. DAI +5%. STI +6%. BAC +5%. Comment!
• 07:19 AM Ingersoll-Rand (IR): Q4 EPS of $0.53 beats by $0.25. Revenue of $3.67B (+58.0%) vs. $3.75B. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AGU, AYE, BCE, CCE, DF, DVA, GENZ, IR, JNY, LVLT, MAC, MICC, MMC, MT, RAI, SPIL Comment!

• Tuesday, January 6, 2009

• 16:59 PM Ingersoll-Rand (IR) subsidiary Trane wins a Department of Energy contract worth up to $5B. Shares +3% AH. (PR) Comment!

• Thursday, December 18, 2008

• 07:06 AM Ingersoll-Rand (IR): Sees Q4 EPS of $0.20-0.30 vs. consensus of $0.60 and revenue of $3.7B vs. $4.1B. "The rate of decline accelerated compared with prior expectations... The rate of deterioration in European economic activity was especially severe over the last six weeks." (PR) Comment!

• Friday, October 24, 2008

• 07:40 AM Ingersoll-Rand (IR): Q3 EPS of $0.99 in-line. Revenue of $4.31B (+9.26%) in-line. Sees full-year EPS of $3.35-$3.55 vs. $3.58. "Many of Ingersoll Rand's major end markets continued to experience softening overall demand in the third quarter as weaker activity for complete products in North America was partially offset by growing recurring revenues and modest growth overseas." (PR) Comment!
• 00:05 AM Notable earnings before Friday's open: CPO, DSL, ERIC, EXC, FO, IR, ITT, TROW, UST Comment!

• Friday, August 1, 2008

• 07:52 AM Ingersoll-Rand (IR): Q2 EPS of $1.03 beats by $0.14. Revenue of $3.08B (+6.6%) in-line. Sees full-year EPS of $3.80-3.90 vs. $3.71. Shares +3%. [PR] Comment!
• 00:10 AM Notable earnings before Friday's open: AEE, AIV, BYD, CI, CLX, CVX, EQT, FE, GM, HTV, IR, JAVA, KBR, NT, NXG, NYX, OSK, PEG, PPK, STO, TDW, TOT, WPO Comment!