Ingersoll Rand Q3 2023 Adj. Net Income $0.77 Vs $0.69 Estimate, Sales $1.683B Miss $1.687M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ingersoll Rand reported Q3 2023 adjusted net income of $0.77, beating the estimate of $0.69. However, the company's sales of $1.683B fell short of the $1.687M estimate.
November 01, 2023 | 8:33 pm
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NEUTRAL IMPACT
Ingersoll Rand's Q3 2023 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Ingersoll Rand's earnings beat could be seen as a positive sign of the company's profitability. However, the sales miss might raise concerns about the company's revenue generation capabilities, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100