Investing.com - Ingersoll Rand reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ingersoll Rand announced earnings per share of $0.31 on revenue of $1.26B. Analysts polled by Investing.com anticipated EPS of $0.19 on revenue of $1.16B.
Ingersoll Rand shares are down 11% from the beginning of the year and are trading at $33.65 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.98% from the start of the year.
Ingersoll Rand shares gained 3.13% in after-hours trade the report.
Ingersoll Rand follows other major Capital Goods sector earnings this month
Ingersoll Rand's report follows an earnings missed by ASML ADR on Wednesday, July 15, 2020, who reported EPS of $2.04 on revenue of $3.8B, compared to forecasts EPS of $2.25 on revenue of $3.8B.
Lockheed Martin had beat expectations on Tuesday, July 21, 2020 with second quarter EPS of $5.79 on revenue of $16.22B, compared to forecast for EPS of $5.72 on revenue of $15.23B.
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