Investing.com - Ingersoll Rand (NYSE:IR) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ingersoll Rand announced earnings per share of $0.57 on revenue of $1.33B. Analysts polled by Investing.com anticipated EPS of $0.4684 on revenue of $1.27B.
Ingersoll Rand shares are up 23% from the beginning of the year, still down 0.34% from its 52 week high of $56.25 set on November 2. They are under-performing the S&P 500 which is up 24.08% from the start of the year.
Ingersoll Rand follows other major Capital Goods sector earnings this month
Ingersoll Rand's report follows an earnings beat by ASML ADR on October 20, who reported EPS of $4.97 on revenue of $6.1B, compared to forecasts EPS of $4.61 on revenue of $6.19B.
Honeywell had beat expectations on October 22 with third quarter EPS of $2.02 on revenue of $8.47B, compared to forecast for EPS of $1.99 on revenue of $8.66B.
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