05:11 PM EDT, 05/02/2024 (MT Newswires) -- Ingersoll Rand ( IR ) reported Q1 adjusted earnings late Thursday of $0.78 per diluted share, up from $0.65 a year ago.

Analysts polled by Capital IQ expected EPS of $0.69.

Revenue for the quarter ended March 31 rose to $1.67 billion, up from $1.63 billion a year earlier.

Analysts polled by Capital IQ expected $1.70 billion.

For 2024, the company said it now expects adjusted EPS of $3.20 to $3.30, up from $3.14 to $3.24 previously, while revenue growth is now seen at 4% to 6%, compared with its prior range of 5% to 7%. Analysts are looking for EPS of $3.21.

Ingersoll Rand ( IR ) shares were down about 3% in after-hours activity.

Price: 90.00, Change: -2.85, Percent Change: -3.07