Gold prices steady ahead of Fed decision, Trump’s tariff deadline
NEW YORK - Trane Technologies (NYSE:TT) reported fourth quarter earnings that surpassed analyst expectations, sending shares up 2% in early trading.
The heating, ventilation, and air conditioning (HVAC) company posted adjusted earnings per share of $2.61, beating the analyst estimate of $2.52 by $0.09. Revenue for the quarter came in at $4.87 billion, topping the consensus forecast of $4.77 billion.
Compared to the same quarter last year, Trane’s revenue grew by 8.6% YoY from $4.48 billion. The company’s strong performance was driven by robust demand across its key markets and effective pricing strategies.
The company did not provide specific guidance for the upcoming quarter or fiscal year in the information provided. However, the positive market reaction suggests investors are optimistic about Trane’s future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.