DUBLIN (AP) _ Eaton Corp. PLC (ETN) on Wednesday reported second-quarter profit of $51 million.
The Dublin-based company said it had net income of 13 cents per share. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, were 70 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The power management company posted revenue of $3.86 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $3.65 billion.
Eaton shares have fallen 1.5% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has climbed 15% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ETN at https://www.zacks.com/ap/ETN
The Associated Press