DUBLIN (AP) — DUBLIN (AP) — Eaton Corp. PLC (ETN) on Tuesday reported third-quarter profit of $1.08 billion.
On a per-share basis, the Dublin-based company said it had net income of $2.77. Earnings, adjusted for one-time gains and costs, came to $3.68 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.54 per share.
The power management company posted revenue of $8.95 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $8.48 billion.
For the current quarter ending in December, Eaton expects its per-share earnings to range from $4.05 to $4.15.
The company expects full-year earnings in the range of $13.70 to $13.80 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
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
