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Industrial manufacturer Ingersoll Rand(IR Quote) beat third-quarter earnings targets and lifted its guidance for the full year, helped by solid revenue growth in its international operations.
The Bermuda-based company posted net income of $266.6 million, or 92 cents a share, up from $243.8 million, or 76 cents a share, a year earlier.
Excluding restructuring charges, earnings per share were 96 cents. Analysts polled by Thomson Financial expected earnings of 88 cents a share; the company's guidance called for earnings of 85 cents to 90 cents a share.
Ingersoll Rand's revenue rose 10% to $2.24 billion, slightly shy of Wall Street's forecast of $2.29 billion. ...
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