Gainer Stocks - Ecolab (NYSE:ECL) reports higher Profit

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Ecolab Inc. (NYSE:ECL) surged 1% to $46.41 in opening trade after its third-quarter net income rose to $145 million, or 60 cents a share, from $126.2 million, or 50 cents a share, in the year-earlier period. On a pro forma basis, excluding items, earnings would have been 61 cents a share. On average, analysts polled by FactSet Research were expecting earnings of 60 cents a share. Sales for the provider of cleaning, sanitizing and disinfecting products to hotels, restaurants and hospitals declined 5% to $1.55 billion from $1.63 billion. Ecolab narrowed the range of its full-year pro forma earnings forecast to $1.98 to $2.01 a share from the previous forecast of $1.96 to $2.02.

Ecolab Inc. (Ecolab) develops and markets products and services for the hospitality, foodservice, health care and industrial markets.

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