Ingersoll-Rand PLC Reports 13% Gain In Q1 Profit

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

The company said its bottom line rose to $148.4 million, or $0.57 per share. This was up from $131.9 million, or $0.50 per share, in last year's first quarter.

Analysts had expected the company to earn $0.53 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.8% to $3.00 billion. This was up from $2.89 billion last year.

Ingersoll-Rand PLC earnings at a glance:

-Earnings (Q1): $148.4 Mln. vs. $131.9 Mln. last year. -Earnings Growth (Y-o-Y): 12.5% -EPS (Q1): $0.57 vs. $0.50 last year. -EPS Growth (Y-o-Y): 14.0% -Analysts Estimate: $0.53 -Revenue (Q1): $3.00 Bln vs. $2.89 Bln last year. -Revenue Change (Y-o-Y): 3.8%

-Guidance: Full year EPS guidance: $4.35 - $4.50.