Investing.com - Ingersoll Rand reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ingersoll Rand announced earnings per share of $0.46 on revenue of $1.28B. Analysts polled by Investing.com anticipated EPS of $0.4207 on revenue of $1.21B.
Ingersoll Rand shares are up 4% from the beginning of the year and are trading at $45.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 17.16% from the start of the year.
Ingersoll Rand shares lost 5.20% in after-hours trade after the report.
Ingersoll Rand follows other major Industrials sector earnings this month
Ingersoll Rand's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.06 on revenue of $23.42B, compared to forecasts EPS of $2.79 on revenue of $23.19B.
Honeywell had beat expectations on Friday with second quarter EPS of $2.02 on revenue of $8.81B, compared to forecast for EPS of $1.94 on revenue of $8.64B.
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