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Lennox International's (LII.N) quarterly revenue missed analysts' estimates, and the heating and cooling systems maker trimmed the top end of its full-year revenue forecast, sending its shares down 9 percent.
Second-quarter revenue rose 2 percent to $933.8 million, missing the analysts' estimate of $956.2 million.
Revenue at its service experts segment fell 9 percent to $133 million, primarily due to lower volumes, and refrigeration segment revenue fell 5 percent to $207 million.
The Richardson, Texas-based company now expects full-year revenue to grow by 2 to 5 percent, compared with the 2 to 6 percent rise forecast earlier.
However, Lennox International raised its earnings expectations for the year and now expects adjusted earnings per share from continuing operations at $2.35 to $2.65, up from its previous estimate of $2.20 to $2.60 per share.
The company reported a second-quarter profit of $44.7 million, or 87 cents a share, compared with earnings of $45 million, or 83 cents a share, a year earlier.
On an adjusted basis, it earned 96 cents per share, in line with analysts' estimates.
The company's shares were down 9 percent at $42.14 in late morning trade on the New York Stock Exchange on Tuesday.
(Reporting by Suzannah Benjamin in Bangalore; Editing by Sreejiraj Eluvangal)
BRASILIA, May 22 Brazil's former president Luiz Inacio Lula da Silva has been charged by prosecutors who said the leftist politician was the mastermind behind the country's biggest bribery scheme.
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