Water Filtration Company Pentair Advances After Earnings Results
Stock Chart for Pentair Ltd (PNR)
Pentair rose as much as 3.4 percent to $54.49 after surging 5.8 percent yesterday when the company said it expects revenue of $1.9 billion next quarter. It confirmed 2013 adjusted earnings per share guidance of $3.10 to $3.30 and said water and fluid solutions sales in the first quarter rose 5 percent to $782 million from the year-earlier period.
Pentair, whose shares have risen 11 percent this year, was formed by the 2012 merger of Pentair Inc. with Tyco International Ltd. (TYC)’s flow-control unit.
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