Comments on: Ingersoll Rand makes Appearance on “Four Energy Efficiency Trades for a Cool Summer” Redux http://flyboysfund.jeffreylin.net/2008/08/01/ingersoll-rand-makes-appearance-on-four-energy-efficiency-trades-for-a-cool-summer-redux/ Just another WordPress weblog Sun, 14 Mar 2010 11:38:25 +0000 http://wordpress.org/?v=2.7 hourly 1 By: JeffreyLin.Net http://flyboysfund.jeffreylin.net/2008/08/01/ingersoll-rand-makes-appearance-on-four-energy-efficiency-trades-for-a-cool-summer-redux/comment-page-1/#comment-125 JeffreyLin.Net Fri, 01 Aug 2008 15:14:44 +0000 http://flyboysfund.jeffreylin.net/?p=222#comment-125 REUTERS: <a target="_new" href="http://www.reuters.com/article/marketsNews/idINN0130152020080801?rpc=44" rel="nofollow">UPDATE 1-Ingersoll 2nd-quarter profit tops estimates</a> NEW YORK, Aug 1 (Reuters) - Diversified manufacturer Ingersoll-Rand Co Ltd (IR.N: Quote, Profile, Research, Stock Buzz) reported higher-than-expected quarterly earnings on Friday, led by profit gains in its climate control and security divisions. Net earnings dropped to $256.1 million, or 88 cents a share, in the second quarter, from $964.1 million, or $3.17 per share, in the same period last year, when results included businesses that have since been sold. Excluding one-time costs related to its June purchase of the Trane heating, ventilation and air conditioning business, earnings from continuing operations were $1.03 per share. On that basis, Ingersoll beat average analyst expectations of 88 cents per share, Reuters Estimates said. Sales, including Trane revenue, jumped 38 percent to $3.08 billion, slightly ahead of Wall Street expectations. REUTERS: UPDATE 1-Ingersoll 2nd-quarter profit tops estimates
NEW YORK, Aug 1 (Reuters) - Diversified manufacturer Ingersoll-Rand Co Ltd (IR.N: Quote, Profile, Research, Stock Buzz) reported higher-than-expected quarterly earnings on Friday, led by profit gains in its climate control and security divisions.

Net earnings dropped to $256.1 million, or 88 cents a share, in the second quarter, from $964.1 million, or $3.17 per share, in the same period last year, when results included businesses that have since been sold.

Excluding one-time costs related to its June purchase of the Trane heating, ventilation and air conditioning business, earnings from continuing operations were $1.03 per share. On that basis, Ingersoll beat average analyst expectations of 88 cents per share, Reuters Estimates said.

Sales, including Trane revenue, jumped 38 percent to $3.08 billion, slightly ahead of Wall Street expectations.

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