Eaton: 2Q Earnings Snapshot
Eaton: 2Q Earnings Snapshot
DUBLIN (AP) _ Eaton Corp. PLC (ETN) on Tuesday reported second-quarter profit of $610 million.
On a per-share basis, the Dublin-based company said it had profit of $1.39.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The power management company posted revenue of $5.49 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $5.47 billion.
Eaton expects full-year earnings to be $5.20 to $5.40 per share.
Eaton shares have increased 1 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 5 percent. The stock has climbed nearly 2 percent in the last 12 months.
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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