=Ecolab (ECL) reported earnings on Tue 21 Feb 2017(b/o)

Ecolab misses by $0.03, misses on revs; guides Q1 EPS below consensus; guides FY17 EPS in-line :

• Reports Q4 (Dec) earnings of $1.25 per share, excluding non-recurring items, $0.03 worse than the Capital IQ Consensus of $1.28; revenues fell 1.8% year/year to $3.35 bln vs the $3.46 bln Capital IQ Consensus.
• Co issues downside guidance for Q1, sees EPS of $0.77-0.83, excluding non-recurring items, vs. $0.89 Capital IQ Consensus Estimate.
  • Sees Q1 adj gross margin of about 47%.
• Co issues in-line guidance for FY17, sees EPS of $4.70-4.90, excluding non-recurring items, vs. $4.90 Capital IQ Consensus Estimate.
  • Sees FY17 adj gross margin of about 48-49%.