Pentair Slips To Loss In Q3 - Quick Facts

(RTTNews) - Pentair plc (PNR) Tuesday said third-quarter net loss attributable to the company was $186.0 million or $0.95 per share, compared to net income of $172.8 million or $0.85 per share in the comparable quarter last year.

On average, 18 analysts polled by Thomson Reuters expected earnings of $0.94 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales were $1.76 billion, compared to $1.71 billion last year. Analysts expected revenues of $1.77 billion.

Looking ahead to the fourth quarter, the company expects earnings of $1.02 - $1.04 per share and revenue of about $1.86 billion. Analysts currently expect fourth quarter earnings of $1.01 per share on revenue of $1.88 billion.

The company updated 2014 adjusted earnings per share guidance to a range of $3.72 - $3.74 from a range of $3.65 - $3.70. The firm expects full year 2014 sales of $7.1 billion, down from its prior view of $7.2 billion. Analysts expect full year earnings of $3.68 per share on revenues of $7.19 billion.