Investing.com - Pentair (NYSE:PNR) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Pentair announced earnings per share of $0.99 on revenue of $1.06. Analysts polled by Investing.com anticipated EPS of $0.93 on revenue of $1.05B.
Pentair shares are down 44% from the beginning of the year, still down 49.09% from its 52 week high of $80.10 set on November 22, 2021.
Pentair follows other major Industrials sector earnings this month
Pentair's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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