Eaton Corp. (ETN) reported a profit for its first quarter that advanced from the same period last year.
The company's profit totaled $458 million, or $1.14 per share. This compares with $438 million, or $1.07 per share, in last year's first quarter.
Excluding items, Eaton Corp. reported adjusted earnings of $577 million or $1.44 per share for the period.
Analysts had expected the company to earn $1.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.1% to $4.69 billion from $4.79 billion last year.
Eaton Corp. earnings at a glance:
-Earnings (Q1): $577 Mln. vs. $514 Mln. last year.-EPS (Q1): $1.44 vs. $1.25 last year.-Analysts Estimate: $1.23 -Revenue (Q1): $4.69 Bln vs. $4.79 Bln last year.
-Guidance:Next quarter EPS guidance: $1.45 - $1.55Full year EPS guidance: $5.90 - $6.30
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.