Pentair plc Reveals 12% Rise In Q3 Earnings

(RTTNews) - Pentair plc (PNR) reported earnings for its third quarter that rose from last year.

The company said its bottom line totaled $142.7 million, or $0.78 per share. This was higher than $127.1 million, or $0.70 per share, in last year's third quarter.

Analysts had expected the company to earn $0.72 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.0% to $1.21 billion. This was up from $1.11 billion last year.

Pentair plc earnings at a glance:

-Earnings (Q3): $142.7 Mln. vs. $127.1 Mln. last year. -Earnings Growth (Y-o-Y): 12.3% -EPS (Q3): $0.78 vs. $0.70 last year. -EPS Growth (Y-o-Y): 11.4% -Analysts Estimate: $0.72 -Revenue (Q3): $1.21 Bln vs. $1.11 Bln last year. -Revenue Change (Y-o-Y): 9.0%

-Guidance: Next quarter EPS guidance: $0.73 Full year EPS guidance: $3.00