DAVIDSON, N.C. (AP) — DAVIDSON, N.C. (AP) — Ingersoll Rand Inc. (IR) on Thursday reported fourth-quarter earnings of $229.8 million.
The Davidson, North Carolina-based company said it had profit of 57 cents per share. Earnings, adjusted for one-time gains and costs, came to 84 cents per share.
The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 84 cents per share.
The maker of flow control and compression equipment posted revenue of $1.9 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $1.91 billion.
Ingersoll expects full-year earnings in the range of $3.38 to $3.50 per share.
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