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Pentair Boosts FY20 Outlook - Quick Facts

(RTTNews) - While reporting financial results for the third quarter on Tuesday, Pentair plc (PNR) raised its earnings, adjusted earnings and sales guidance for the full-year 2020.

For fiscal 2020, the company now projects earnings of about $2.05 to $2.10 per share and adjusted earnings of about $2.35 to $2.40 per share on sales of about $2.95 billion.

Previously, the company expected earnings of about $1.70 to $1.90 per share and adjusted earnings of about $2.00 to $2.20 per share on sales of about $2.8 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.22 per share on sales of $2.83 billion for the year. Analysts' estimates typically exclude special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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