(Corrects billion to million in 4th paragraph)
NEW YORK, April 27 Diversified U.S. industrial
company Pentair Inc (PNR.N) reported a doubling in
first-quarter profit that matched expectations, amid improving
housing markets and strong international demand, and kept its
full-year outlook steady.
The maker of water filters, electrical enclosures and other
equipment said net earnings rose to $35.3 million, or 36 cents
per share, from $17.3 million, or 18 cents per share, a year
Earnings from continuing operations, at 35 cents per share,
matched Wall Street forecasts, according to Thomson Reuters
Revenue rose 12 percent to $707 million.
Pentair said markets were recovering and emerging markets
were strong. It repeated its 2010 earnings forecast of $1.75 to
$1.90 per share, compared with analysts' estimates of $1.88.
(Reporting by Nick Zieminski; Editing by Lisa Von Ahn, Dave