Investing.com - Ingersoll Rand reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ingersoll Rand announced earnings per share of $0.45 on revenue of $1.37B. Analysts polled by Investing.com anticipated EPS of $0.3476 on revenue of $1.31B.
Ingersoll Rand shares are up 14% from the beginning of the year and are trading at $51.83 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.37% from the start of the year.
Ingersoll Rand shares lost 0.21% in after-hours trade following the report.
Ingersoll Rand follows other major Capital Goods sector earnings this month
Ingersoll Rand's report follows an earnings beat by ASML ADR on Wednesday, April 21, 2021, who reported EPS of $3.86 on revenue of $5.25B, compared to forecasts EPS of $3.07 on revenue of $4.81B.
Honeywell had beat expectations on Friday with first quarter EPS of $1.92 on revenue of $8.45B, compared to forecast for EPS of $1.8 on revenue of $8.08B.
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