Ingersoll-Rand Q4 Profit From Cont. Ops. Declines - Quick Facts

(RTTNews) - Ingersoll-Rand plc (IR) reported that its fourth-quarter income from continuing operations to shareholders declined year-over-year to $77.7 million or $0.26 per share, from $162.1 million or $0.53 per share. Net earnings was $0.16, compared to $0.78, a year ago. Adjusted earnings per share from continuing operations was $0.61, for the quarter.

On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.62 for the quarter. Analysts' estimates typically exclude special items.

Net revenues were $3.10 billion, compared to $2.92 billion, prior year. Analysts expected revenue of $3.03 billion for the quarter.

The company expects revenues for full-year 2014 to increase in the range of 3 to 4 percent compared with 2013. Full-year adjusted earnings per share from continuing operations is expected to be in the range of $3.05 to $3.20, with full-year reported earnings per share expected to be $2.95 to $3.10. Analysts expect the company to report full year 2014 earnings per share of $3.19.

The company expects its first-quarter revenues to increase in the range of 2 to 3 percent compared with 2013. Adjusted earnings per share from continuing operations are expected to be in the range of $0.23 to $0.28, with reported earnings per share of $0.21 to $0.26, including restructuring costs. Analysts expect the company to report first-quarter profit per share of $0.34.