WASHINGTON (dpa-AFX) - Pentair plc (PNR) announced earnings for second quarter that Decreased from last year but beat the Street estimates.
The company's bottom line came in at $148.5 million, or $0.90 per share. This compares with $186.1 million, or $1.11 per share, last year.
Excluding items, Pentair plc reported adjusted earnings of $1.39 per share for the period.
Analysts on average had expected the company to earn $1.34 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.2% to $1.123 billion from $1.099 billion last year.
Pentair plc earnings at a glance (GAAP) :
-Earnings: $148.5 Mln. vs. $186.1 Mln. last year. -EPS: $0.90 vs. $1.11 last year. -Revenue: $1.123 Bln vs. $1.099 Bln last year.
-Guidance: Next quarter EPS guidance: $1.16 to $1.20 Full year EPS guidance: $4.75 to $4.85
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