Eaton (ETN) Tops Q1 EPS by 2c, Revenues Miss; Raises FY19 EPS Views to Reflect Accretion from Ulusoy Deal

Eaton (NYSE: ETN) reported Q1 EPS of $1.26, $0.02 better than the analyst estimate of $1.24. Revenue for the quarter came in at $5.31 billion versus the consensus estimate of $5.37 billion.

• First Quarter Adjusted Earnings Per Share of $1.26, Up 15 Percent Over the First Quarter of 2018, Excluding 2019 Acquisition and Divestiture Transaction Costs
• Operating Cash Flow in First Quarter of $551 Million, A Record for a First Quarter
• Raising Earnings Guidance for 2019 to Reflect Accretion from Ulusoy Acquisition

GUIDANCE:

Eaton sees FY2019 EPS of $5.72-$6.02, versus the consensus of $5.87.

Eaton sees FY2019 EPS of $1.45-$1.55, versus the consensus of $1.50.

For earnings history and earnings-related data on Eaton (ETN) click here.

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