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
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