IR Q4 Results Miss Consensus, Guidance Short Of Expectations

Ingersoll-Rand (NYSE: IR) has posted its Q4 earnings ex-items at $0.48 per share, as compared to the consensus of $0.53. IR’s revenues for the quarter came at $3.13 billion, versus the Street view of $3.34 billion.

Ingersoll-Rand has forecasted its Q1 EPS at $0.15-$0.20 ex-items on revenues of $3-$3.1 billion, as compared to the earnings expectations of $0.35 per share on revenues of $3.02 billion. The company has guided to FY10 revenues of $13.5-$13.8 billion and earnings at $2.20-$2.60 per share, as compared to the consensus earnings of $2.30 per share on revenues of $13.52 billion.

Following the disappointing results, IR’s shares dipped 5.83% to $32.05 in pre-market trading.

Read more from Benzinga's Markets.