Ingersoll-Rand PLC Q3 adjusted earnings Beat Estimates

(RTTNews) - Ingersoll-Rand PLC (IR) released earnings for third quarter that decreased from the same period last year.

The company's earnings totaled $458.8 million, or $1.88 per share. This compares with $515.1 million, or $2.06 per share, in last year's third quarter.

Excluding items, Ingersoll-Rand PLC reported adjusted earnings of $487.7 million or $1.99 per share for the period.

Analysts had expected the company to earn $1.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.7% to $4.34 billion from $4.03 billion last year.

Ingersoll-Rand PLC earnings at a glance:

-Earnings (Q3): $487.7 Mln. vs. $437.5 Mln. last year. -EPS (Q3): $1.99 vs. $1.75 last year. -Analysts Estimate: $1.91 -Revenue (Q3): $4.34 Bln vs. $4.03 Bln last year.