NEW YORK (TheStreet) -- Shares of Ingersoll-Rand (IR) - Get Report were falling 6.77% to $60.60 on Tuesday after the diversified machinery company missed analysts' estimates for earnings and revenue in the second quarter.

Ingersoll-Rand reported earnings of $1.20 a share for the second quarter, below analysts' estimates of $1.23 a share. Revenue grew 1.7% year over year to $3.6 billion for the quarter, compared to analysts' estimates of $3.69 billion.

The company said it expects earnings of $1.15 to $1.19 a share for the third quarter. Analysts expect the company to report earnings of $1.20 a share for the third quarter.

"Despite declining industrial markets in the quarter and economic pressure in Asia and Latin America, we continued to grow revenue and delivered EPS at the midpoint of our guidance," CEO Michael W. Lamach said in a statement.

About 2.1 million shares of Ingersoll-Rand were traded by 10:30 a.m. Tuesday, above the company's average trading volume of about 1.8 million shares a day.

TheStreet Ratings team rates INGERSOLL-RAND PLC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate INGERSOLL-RAND PLC (IR) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: IR Ratings Report

IR data by YCharts

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