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Pentair plc Q3 adjusted earnings Beat Estimates

(RTTNews) - Pentair plc (PNR) revealed earnings for its third quarter that increased from the same period last year.

The company's profit totaled $91.3 million, or $0.54 per share. This compares with $91.2 million, or $0.52 per share, in last year's third quarter.

Excluding items, Pentair plc reported adjusted earnings of $97.9 million or $0.58 per share for the period.

Analysts had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.3% to $713.6 million from $711.4 million last year.

Pentair plc earnings at a glance:

-Earnings (Q3): $97.9 Mln. vs. $95.4 Mln. last year. -EPS (Q3): $0.58 vs. $0.54 last year. -Analysts Estimate: $0.55 -Revenue (Q3): $713.6 Mln vs. $711.4 Mln last year.

-Guidance: Next quarter EPS guidance: $0.64 - $0.66

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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