logo
Plus   Neg
Share
Email

Eaton Sees Q1 Earnings Above View, Higher Results In FY18 - Quick Facts

Power management company Eaton Corporation plc (ETN) Thursday said it expects first-quarter net income and adjusted earnings per share to be between $1.00 and $1.10.

On average, 14 analysts polled by Thomson Reuters expect earnings of $1.08 per share. Analysts' estimates typically exclude special items.

Looking at 2018, the company expects 2018 net income and adjusted earnings per share to be between $5.00 and $5.20, representing at the midpoint a 10 percent increase over 2017, excluding the gain on the Cummins JV and the income arising from the new tax bill in 2017.

Analysts expect earnings of $5.08 per share for the year.

The company projects organic revenues to grow approximately 4 percent. Eaton anticipates segment margins to be between 16.3 and 16.9 percent, a significant step up from 15.8 percent in 2017.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon Inc. is leading a new $575 million investment in British food delivery company Deliveroo, intensifying the e-commerce giant's competition with rival Uber and its Uber Eats service. Deliveroo noted that Amazon is set to be the largest investor in the Series G preferred shared funding round. With the latest funding round, Deliveroo has raised $1.53 billion. While reporting financial results for the first quarter on Friday, Deere & Co. (DE) slashed its earnings and revenue growth guidance for the full-year 2019. The company said the lower forecast is partly a result of actions taken by it to prudently manage field inventories, which will cause production... European Union regulators on Thursday fined five global banks a total of 1.07 billion euros, or $1.2 billion, for participating in foreign exchange spot trading cartels and manipulating the foreign-exchange currency market. The five banks are Barclays, Royal Bank of Scotland, Citigroup, JPMorgan Chase and Japan's MUFG Bank, formerly known as Bank of Tokyo-Mitsubishi.
Follow RTT