UPDATE 2-Trane quarterly profit beats forecasts

Newswire

(Adds analyst comment, stock movement) NEW YORK, Jan 29 (Reuters) - Trane Inc , a maker of heating and air conditioning systems that has agreed to be acquired by Ingersoll Rand Co Ltd , reported better-than-expected profit on Tuesday, as demand from commercial customers helped offset a weak U.S. housing market. Trane, which last year sold several businesses to focus on air conditioning, posted operating earnings of $62.6 million, or 32 cents per share, down from $74.4 million, or 36 ...

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