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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.

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