Ingersoll-Rand PLC Announces 30% Advance In Q1 Bottom Line

(RTTNews) - Ingersoll-Rand PLC (IR) reported a profit for its first quarter that gained ground compared to the same period last year.

The company said its bottom line rose to $131.9 million, or $0.50 per share. This was higher than $101.7 million, or $0.38 per share, in last year's first quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue held steady at $2.89 billion

Ingersoll-Rand PLC earnings at a glance:

-Earnings (Q1): $131.9 Mln. vs. $101.7 Mln. last year. -Earnings Growth (Y-o-Y): 29.7% -EPS (Q1): $0.50 vs. $0.38 last year. -EPS Growth (Y-o-Y): 31.6% -Analysts Estimate: $0.37 -Revenue (Q1): $2.89 Bln vs. $2.89 Bln last year. -Revenue Change (Y-o-Y): 0%

-Guidance: Next quarter EPS guidance: $1.27 - $1.32 Full year EPS guidance: $3.95 - $4.10