logo
Plus   Neg
Share
Email

Eaton Corp. Q4 adjusted earnings Miss Estimates

Eaton Corp. (ETN) reported earnings for fourth quarter that declined from the same period last year.

The company's earnings totaled $452 million, or $1.09 per share. This compares with $631M, or $1.46 per share, in last year's fourth quarter.

Excluding items, Eaton Corp. reported adjusted earnings of $566 million or $1.37 per share for the period.

Analysts had expected the company to earn $1.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.0% to $5.24 billion from $5.46 billion last year.

Eaton Corp. earnings at a glance:

-Earnings (Q4): $566 Mln. vs. $631 Mln. last year.
-EPS (Q4): $1.37 vs. $1.46 last year.
-Analysts Estimate: $1.40
-Revenue (Q4): $5.24 Bln vs. $5.46 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT
>