Investing.com - Ingersoll Rand reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ingersoll Rand announced earnings per share of $0.25 on revenue of $1.27B. Analysts polled by Investing.com anticipated EPS of $0.28 on revenue of $1.34B. That with comparison to EPS of $0.89 on revenue of $3.58B in the same period a year before.Ingersoll Rand had reported EPS of $0.37 on revenue of $605.8M in the previous quarter.Analysts are expecting EPS of $0.23 and revenue of $1.19B in the upcoming quarter.
Ingersoll Rand shares are down 20% from the beginning of the year and are trading at $29.09 , down-from-52-week-high.They are under-performing the S&P 500 which is down 9.69% year to date.
Ingersoll Rand follows other major Capital Goods sector earnings this month
Ingersoll Rand's report follows an earnings missed by Kubota ADR on Tuesday, who reported EPS of $0.79 on revenue of $4.09B, compared to forecasts EPS of $1.26 on revenue of $4.28B.
ASML ADR had missed expectations on Wednesday, April 15, 2020 with first quarter EPS of $0.93 on revenue of $2.44B, compared to forecast for EPS of $1.47 on revenue of $3.17B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar