Ingersoll-Rand Plc (IR) reported second quarter adjusted EPS from continuing operations of $1.20 Tuesday morning, which fell short of the consensus estimate of $1.23. Third quarter adjusted EPS from continuing operations is expected to be between $1.15 and $1.19, while full-year adjusted EPS from continuing operations are expected to be in the range of $3.66 to $3.81. The consensus estimates are for EPS of $1.20 and $3.79.
Ingersoll-Rand gapped open sharply lower Tuesday and slipped further in early trade, before settling into a range. The stock closed down by 4.30 at $60.70 on the highest volume of the year. Ingersoll-Rand has been falling for the past week and sank to a 6-month low.
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