Ingersoll-Rand Earnings: Revenues Making Investors Happy

S&P 500 (NYSE:SPY) component Ingersoll-Rand plc (NYSE:IR) swung to a loss in the first quarter, missing analysts’ forecast. Ingersoll-Rand plc provides products and services to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables and commercial properties.

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Ingersoll-Rand plc Earnings Cheat Sheet for the First Quarter

Results: Swung to a loss of $77.6 million (22 cents/diluted share) in the quarter. The Ingersoll-Rand plc had a net income of $1.4 million or 0 cents per share in the year earlier quarter.

Revenue: Rose 6.3% to $3.14 billion YoY.

Actual vs. Wall St. Expectations: IR fell short of the mean analyst estimate of 32 cents/share. Estimates ranged from 28 cents per share to 36 cents per share.

Quoting Management: “During the first quarter we made additional progress toward achieving our long-term revenue growth, operating margin and earnings objectives,” said Michael W. Lamach, chairman, president and chief executive officer of Ingersoll Rand.

Key Stats:

IR’s loss in the latest quarter follows profits in the previous three quarters. The company reported a profit of $212.1 million in the fourth quarter of the last fiscal year, a profit of $232.2 million in the third quarter of the last fiscal year and $196.4 million in the second of the last fiscal year.

Competitors to Watch: Lennox International (NYSE:LII), Honeywell International (NYSE:HON), General Electric Company (NYSE:GE), and Johnson Controls Inc. (NYSE:JCI).

Today’s Performance: Shares of IR are trading at $50.09 as of April 21, 2011 at 9:51 AM ET, up 2.5% from the previous close.

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