Eaton 2Q Adjusted EPS Beats Analysts' Expectations
30 Luglio 2019 - 4:20PM
Dow Jones News
By Michael Dabaie
Eaton Corp. PLC (ETN) second-quarter adjusted earnings beat
analysts' estimates.
The power management company said earnings per share were $1.50
for the second quarter of 2019. Net income was $636 million.
Adjusted EPS came to $1.53, above FactSet consensus for
$1.51.
Sales were $5.5 billion, up 1% over the year-ago period, the
company said. That was shy of FactSet consensus for $5.6
billion.
Shares were up 3%, to $83.44, in early trading.
"We had a solid second quarter, with adjusted earnings per share
at the high end of our guidance range Organic growth came in at 2
1/2%, reflecting a moderation of global growth, particularly in
Europe and China," said Chief Executive Craig Arnold.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
July 30, 2019 10:05 ET (14:05 GMT)
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