On Nov 6, we issued an updated research report on Pentair plc (PNR – Free Report) . The company will gain from launch of new products, acquisitions and investments in sync with its growth initiatives of advancing pool growth, and accelerating residential and commercial water treatment.
Sound Q3 Results
Pentair delivered third-quarter 2018 adjusted earnings of 54 cents per share, up around 10% from the year-ago quarters tally. Further, the figure beat managements previous guidance and the Zacks Consensus Estimate of 52 cents.
Upbeat Fiscal 2018 Guidance
Pentair revised 2018 adjusted earnings per share guidance to around $2.33 from the previous expectation of roughly $2.31 driven by improved operating performance in the …
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