Ingersoll Rand slumps after 2025 profit forecast cut

ReutersMay 2, 2025 12:46 PM

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Air compressor maker Ingersoll Rand IR.N shares fall 4% to $73 premarket

Co trimmed full-year adj. profit forecast, expecting sluggish demand for its products

Co expects 2025 adj. profit to be between $3.28 and $3.40/share, down from $3.38 to $3.50/share

IR posts Q1 profit of 72 cents/share, narrowly missing estimates of 73 cents/share, as per data compiled by LSEG

Co's posts Q1 revenue of $1.72 bln, compared to the analysts' average estimate of $1.73 bln

9 of 17 brokerages rate the stock "buy" or higher, 8 hold; their median PT is $94 - LSEG

As of last close, stock had fallen 15.8% YTD

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