Ingersoll Rand falls after cutting FY revenue growth forecast

Ingersoll Rand

01/11/2024 12:33

** Air compressor maker Ingersoll Rand's  IR.N  shares down 3%
at $94 premarket
** Company trimmed FY forecast for revenue growth on Thursday,
after missing Q3 revenue estimates on sluggish demand for its
air compressors
    ** IR expects annual revenue growth between 5% and 7%, down
from earlier 6% to 8%
    ** Q3 revenue of $1.86 bln, missed analysts estimates of
$1.87 bln - LSEG
    ** As of last close, stock up 24% YTD

(Reporting by Anshuman Tripathy in Bengaluru)
((Anshuman.Tripathy@thomsonreuters.com;))