Investing.com - Ingersoll Rand (NYSE:IR) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ingersoll Rand announced earnings per share of $0.49 on revenue of $1.34B. Analysts polled by Investing.com anticipated EPS of $0.4477 on revenue of $1.29B.
Ingersoll Rand shares are down 24% from the beginning of the year, still down 24.98% from its 52 week high of $62.64 set on January 3. They are under-performing the S&P 500 which is down 9.78% from the start of the year.
Ingersoll Rand follows other major Industrials sector earnings this month
Ingersoll Rand's report follows an earnings beat by United Parcel Service on April 26, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Union Pacific had beat expectations on April 21 with first quarter EPS of $2.57 on revenue of $5.86B, compared to forecast for EPS of $2.56 on revenue of $5.71B.
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