🟢 Pentair is trading 11.1% up today after third-quarter earnings beat estimates

Pentair is trading at $61.34, up 11.07%, after third-quarter adjusted EPS and revenue beat analyst expectations.

• Adjusted EPS was $1.18, topping the $1.08 consensus; revenue of $976 million also exceeded expectations.
• Investors may be responding to Pool channel inventory realignment reaching completion, despite Pool sales falling 18% year over year.
• Pentair reaffirmed full-year adjusted EPS guidance of $4.70, above the $4.64 consensus, and forecast fourth-quarter sales growth of 7% to 9% year over year.