Trane 4th-quarter operating profit falls

Newswire

NEW YORK, Jan 29 (Reuters) - Trane Inc , a maker of heating and air conditioning systems, reported lower quarterly profit from continuing operations on Tuesday. Trane, which last year sold several businsses and agreed to be acquired by Ingersoll Rand Co Ltd , posted operating earnings of $62.6 million, or 32 cents per share, compared with $74.4 million, or 36 cents per share a year earlier. The Ingersoll deal is expected to close in the second quarter, Trane said. (Reporting by Nick ...

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