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Eaton: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

DUBLIN (AP) — DUBLIN (AP) — Eaton Corp. PLC (ETN) on Thursday reported second-quarter earnings of $993 million.

On a per-share basis, the Dublin-based company said it had profit of $2.48. Earnings, adjusted for non-recurring costs, came to $2.73 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.61 per share.

The power management company posted revenue of $6.35 billion in the period, meeting Street forecasts.

For the current quarter ending in September, Eaton expects its per-share earnings to range from $2.73 to $2.83.

The company expects full-year earnings in the range of $10.65 to $10.75 per share.

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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