Investing.com - Ingersoll Rand (NYSE:IR) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Ingersoll Rand announced earnings per share of $0.71 on revenue of $1.42B. Analysts polled by Investing.com anticipated EPS of $0.5953 on revenue of $1.42B.
Ingersoll Rand shares are down 15% from the beginning of the year, still down 16.99% from its 52 week high of $62.64 set on January 3. They are under-performing the S&P 500 which is down 11.34% from the start of the year.
Ingersoll Rand shares lost 3.85% in after-hours trade following the report.
Ingersoll Rand follows other major Industrials sector earnings this month
Ingersoll Rand's report follows an earnings beat by United Parcel Service on February 1, who reported EPS of $3.59 on revenue of $27.85B, compared to forecasts EPS of $3.1 on revenue of $27.06B.
Raytheon Technologies had beat expectations on January 25 with fourth quarter EPS of $1.08 on revenue of $17.04B, compared to forecast for EPS of $1.02 on revenue of $17.29B.
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