Pentair Plc Q3 Profit Increases, Beats Estimates

(RTTNews) - Pentair plc (PNR) released earnings for its third quarter that Increased from last year and beat the Street estimates.

The company's earnings totaled $184.3 million, or $1.12 per share. This compares with $139.6 million, or $0.84 per share, last year.

Excluding items, Pentair plc reported adjusted earnings of $205.3 million or $1.24 per share for the period.

Analysts on average had expected the company to earn $1.18 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 2.9% to $1.022 billion from $993.4 million last year.

Pentair plc earnings at a glance (GAAP) :

-Earnings: $184.3 Mln. vs. $139.6 Mln. last year. -EPS: $1.12 vs. $0.84 last year. -Revenue: $1.022 Bln vs. $993.4 Mln last year.

-Guidance: Next quarter EPS guidance: $1.11 to $1.16 Full year EPS guidance: $4.85 to $4.90