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With a market cap of $90.7 billion, Trane Technologies plc (TT) operates in the industrial sector and specializes in climate control solutions. Based in Swords, Ireland, it designs, manufactures, and services heating, ventilation, air conditioning (HVAC), and transport refrigeration systems. It distributes its products globally under the Trane and Thermo King brands. The company is expected to unveil its fiscal Q3 earnings results before the market opens on Wednesday, Oct. 30.
Before the event, analysts anticipated the manufacturer to report a profit of $3.23 per share, up 15.8% from $2.79 per share in the same quarter last year. The company has consistently surpassed Wall Street's earnings projections over the previous four quarters. TT exceeded the consensus estimate by a 7.1% margin in the most recent quarter.
