Pentair shares reverse course on Q3 profit beat, reaffirmed annual forecast
Yesterday 17:24
BUZZ-Pentair shares reverse course on Q3 profit beat, reaffirmed annual forecast Updates
** Pentair PNR.N shares shed premarket losses, surge 13% at $62.35 in afternoon trading
** Water solutions provider reaffirms the midpoint of its FY26 adjusted EPS guidance at about $4.70, versus Street est of $4.66, according to data compiled by LSEG
** Q3 adjusted EPS of $1.18 beats est of $1.08
** Q3 revenue of $976.4 mln beats est of $963.6 mln
** Results include about $8 mln of IEEPA-tariff refunds in the quarter
** Pool sales fall 18% as PNR completes channel inventory realignment; core sales also down 18%
** Including session's moves, stock down ~40.1% YTD
(Reporting by Miraanta Lowrance in Bengaluru)
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