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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Pentair Inc | NYSE:PNR | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 78.85 | 0 | 09:00:00 |
From May 2019 to May 2024
By Tess Stynes
Pentair Ltd. (PNR) gave a cautious view for per-share earnings next year, as the maker of water-treatment and storage systems' revenue forecast fell short of analysts' expectations.
The company, which affirmed its fourth-quarter and 2012 guidance, provided the 2013 outlook ahead of its annual Investor and Analyst Day in New York Tuesday. Pentair plans to provide more details about its long-term growth plans at the event.
For the year, the company projected per-share earnings of $3.10 to $3.30 on revenue of $7.7 billion. Analysts polled by Thomson Reuters recently expected per-share profit of $3.25 and revenue of $7.92 billion.
Pentair recently completed its $4.5 billion merger with the pipe-and-valve business of Tyco International Ltd. (TYC), a move that aimed to diversify Pentair's product offerings. The deal also gives Pentair greater exposure to industrial customers and the energy sector.
Shares closed Monday at $47.80 and were inactive premarket. The stock is up 44% this year.
Write to Tess Stynes at Tess.Stynes@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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