Plus   Neg

Eaton Corp. Reports Increase In Q1 Bottom Line

Eaton Corp. (ETN) revealed earnings for its first quarter that climbed from the same period last year.

The company's profit totaled $488 million, or $1.11 per share. This compares with $434 million, or $0.96 per share, in last year's first quarter.

Analysts had expected the company to earn $1.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.2% to $5.25 billion from $4.85 billion last year.

Eaton Corp. earnings at a glance:

-Earnings (Q1): $488 Mln. vs. $434 Mln. last year.
-EPS (Q1): $1.11 vs. $0.96 last year.
-Analysts Estimate: $1.07
-Revenue (Q1): $5.25 Bln vs. $4.85 Bln last year.

Next quarter EPS guidance: $1.25 - $1.35
Full year EPS guidance: $5.10 - $5.30

For comments and feedback contact: editorial@rttnews.com

Follow RTT