Ingersoll-Rand 3rd-qtr net profit rises

Newswire

NEW YORK, Oct 26 (Reuters) - Diversified manufacturer Ingersoll-Rand Co Ltd reported higher quarterly net profit on Friday as each of its three divisions reported higher revenues. Net earnings were up 9 percent to $266.6 million, or 92 cents per share, including 24 cents from discontinued operations, compared with $243.8 million, or 76 cents per share a year earlier. A stock buyback reduced the number of shares outstanding from a year earlier. Excluding restructuring costs, the company ...

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