Ingersoll-Rand PLC Q3 adjusted earnings Beat Estimates

(RTTNews) - Ingersoll-Rand PLC (IR) revealed a profit for its third quarter that advanced from the same period last year.

The company's profit came in at $526.8 million, or $2.11 per share. This compares with $363.3 million, or $1.41 per share, in last year's third quarter.

Excluding items, Ingersoll-Rand PLC reported adjusted earnings of $437.5 million or $1.75 per share for the period.

Analysts had expected the company to earn $1.71 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.8% to $4.03 billion from $3.67 billion last year.

Ingersoll-Rand PLC earnings at a glance:

-Earnings (Q3): $437.5 Mln. vs. $369.3 Mln. last year. -EPS (Q3): $1.75 vs. $1.44 last year. -Analysts Estimate: $1.71 -Revenue (Q3): $4.03 Bln vs. $3.67 Bln last year.