Ingersol Rand lowers earnings outlook, cuts dividend

Newswire

(Adds earnings forecast, dividend) NEW YORK, March 30 (Reuters) - Ingersoll-Rand Co. , a maker of climate control systems, on Monday cuts its earnings outlook for 2009 due to sharp drop in revenue, and lowered its dividend as part of an effort to bulk up its credit profile. The company also said its first quarter earnings would be at the low of its previous forecast, which ranged from a loss of 15 cents a share to breakeven. It forecast revenue to be down 25 percent to 27 percent from a ...

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