NEW YORK (AP) - Diversified industrial manufacturer Ingersoll-Rand Co. said on Friday its second-quarter earnings shrunk 73 percent on charges from the acquisition of Trane Co. and hefty year-ago gains.

The Bermuda-based company said its profit for the quarter ended June 30 decreased to $256.1 million, or 88 cents per share, from $964.1 million, or $3.17 per share, in the same quarter last year.

Included in the results was a one-time charge from the acquisition of heating and cooling device maker Trane Co. - which closed on June 5 - of $46 million, or 13 cents per share, the company said. It also took $6.4 million in other charges.

In addition, the year-ago quarter included $2.49 per share from discontinued operations, Ingersoll-Rand said.

Second-quarter earnings from continuing operations came to $262.5 million, or 90 cents per share.

Revenue, meanwhile, rose 38 percent to $3.08 billion from $2.22 billion a year ago. Much of that increase was due to the Trane acquisition, which added $698 million in second-quarter revenue, the company said.

Wall Street was predicting second-quarter earnings of 89 cents per share on $3.07 billion, on average, according to a survey of analysts by Thomson Financial. Such estimates typically exclude one-time charges.

The company also offered a third-quarter outlook in line with analyst expectations and reaffirmed its full-year guidance.