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BUZZ-Trane Technologies' US-listed shares climb after Q4 beat

Reuters
Yesterday
BUZZ-Trane Technologies' US-listed shares climb after Q4 beat

** U.S.-listed shares of Ireland-based Trane Technologies TT.N 2IS.F up 5% at $414 premarket after Q4 results beat estimates

** Q4 adjusted EPS rises to $2.86 from $2.61 a year earlier, above anaylst estimate of $2.81 - data compiled by LSEG

** Revenue increases to $5.15 bln from $4.87 bln, topping analysts' estimate of $5.08 bln

** Co cites strong demand for commercial air-conditioning systems tied to AI data center buildouts

** Co to expand EMEA footprint and data center cooling capabilities through acquisition of Stellar Energy’s digital business and 49% stake in Kieback & Peter Group

** As of last close, stock up 7.7% over the past year

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))

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