UPDATE 1-Trane 1st-quarter profit tops expectations

Newswire

(Adds comparison to estimates, outlook) NEW YORK, April 29 (Reuters) - Trane Inc , a maker of heating and air conditioning systems that has agreed to a purchase by Ingersoll Rand Co Ltd , reported better-than-expected quarterly profit on Tuesday and said it expects the Ingersoll deal to close in the second quarter. Net earnings were $65.9 million, or 33 cents per share, compared with $173.3 million, or 84 cents per share, a year earlier, when results included income from discontinued ...

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