NYSE:IRMachinery
Stronger-Than-Expected Revenue And Insider Selling Might Change The Case For Investing In Ingersoll Rand (IR)
In the past quarter, Ingersoll Rand reported revenues of US$2.09 billion, a 10.1% year-on-year increase that exceeded analyst expectations by 2.6%, alongside stronger earnings and free cash flow in what management called a complex global backdrop.
At the same time, insider sentiment turned more cautious with increased insider selling, even as Barclays reaffirmed its positive view on the company’s operational performance.
We’ll now examine how this stronger-than-expected revenue performance...