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Ingersoll-Rand profit misses consensus by 25.2% in Q2

Ingersoll-Rand PLC said its second-quarter normalized net income came to 92 cents per share, compared with the S&P Capital IQ consensus estimate of $1.23 per share.

EPS decreased year over year from 94 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $247.3 million, a decline from $257.2 million in the prior-year period.

The normalized profit margin declined to 6.9% from 7.3% in the year-earlier period.

Total revenue climbed on an annual basis to $3.60 billion from $3.54 billion, and total operating expenses grew year over year to $3.15 billion from $3.08 billion.

Reported net income declined 73.0% year over year to $83.5 million, or 31 cents per share, from $309.8 million, or $1.13 per share.