Ingersoll-Rand PLC Q1 adjusted earnings Beat Estimates

(RTTNews) - Ingersoll-Rand PLC (IR) released a profit for its first quarter that increased from the same period last year.

The company's earnings totaled $199.9 million, or $0.82 per share. This compares with $120.4 million, or $0.48 per share, in last year's first quarter.

Excluding items, Ingersoll-Rand PLC reported adjusted earnings of $218.6 million or $0.89 per share for the period.

Analysts had expected the company to earn $0.80 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.9% to $3.58 billion from $3.38 billion last year.

Ingersoll-Rand PLC earnings at a glance:

-Earnings (Q1): $218.6 Mln. vs. $177.4 Mln. last year. -EPS (Q1): $0.89 vs. $0.70 last year. -Analysts Estimate: $0.80 -Revenue (Q1): $3.58 Bln vs. $3.38 Bln last year.

-Guidance: Full year EPS guidance: $6.35