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Industrial Goods | Industrial Equipment & Components | United Kingdom

Pentair's stock set for biggest plunge in nearly 14 years after profit warning

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The company cut its first-quarter net earnings-per-share outlook to 30 cents from a range of 47 cents to 50 cents, and its adjusted EPS outlook to 43 cents from a range of 52 cents to 55 cents. The FactSet EPS consensus was 54 cents. The company said it now expects sales to decline 6% to $689 million, compared with previous guidance of flat to up 1% and the FactSet consensus of $734 million.

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https://www.marketwatch.com/story/pentai...2019-04-09

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