Ingersoll Rand Q2 Adj $0.68 Beats $0.60 Estimate, Sales $1.69B Beat $1.58B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ingersoll Rand reported Q2 earnings of $0.68 per share, beating the analyst consensus estimate of $0.60 by 13.33%. However, the company's quarterly sales of $1.44 billion missed the analyst consensus estimate of $1.58 billion by 8.59%. This represents a 25.93% increase in earnings and a 0.30% increase in sales compared to the same period last year.
August 04, 2023 | 12:12 pm
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NEUTRAL IMPACT
Ingersoll Rand's Q2 earnings beat estimates but sales missed, indicating mixed performance.
Ingersoll Rand's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. These two factors could offset each other, leading to a neutral impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100