Ingersoll Rand 1st-qtr net profit slips

Newswire

NEW YORK, April 30 (Reuters) - Ingersoll-Rand Co reported a lower quarterly net profit on Wednesday, reflecting costs related to discontinued businesses, but profit from continuing operations rose on international sales and higher parts, service and rental sales. Net earnings were $181.6 million, or 66 cents per share, compared with $217.5 million, or 70 cents per share, a year earlier. The latest quarter's results included 11 cents in costs related to discontinued operations. Earnings ...

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