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Eaton Corp. Reports Q3 Adjusted Earnings Of $1.43 Per Share

Eaton Corp. (ETN) released earnings for third quarter that declined from last year.

The company's bottom line came in at $416 million, or $0.95 per share. This compares with $1,401 million, or $3.14 per share, in last year's third quarter.

Excluding the impact of a 2018 arbitration decision related to the legacy Cooper business, Eaton reported earnings of $622 million or $1.43 per share.

The company's revenue for the quarter rose 3.8% to $5.41 billion from $5.21 billion last year.

Eaton Corp. earnings at a glance:

-Earnings (Q3): $416 Mln. vs. $1,402 Mln. last year.
-EPS (Q3): $0.95 vs. $3.14 last year.
-Revenue (Q3): $5.41 Bln vs. $5.21 Bln last year.

-Guidance:

Next quarter EPS guidance: $1.38 - $1.48
Full year EPS guidance: $5.30 - $5.40

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