Eaton (ETN) Misses Q2 EPS by 1c, Updates Guidance

Eaton (NYSE: ETN) reported Q2 EPS of $1.15, $0.01 worse than the analyst estimate of $1.16. Revenue for the quarter came in at $5.13 billion versus the consensus estimate of $5.14 billion.

“For full year 2017, we are narrowing our guidance range by 5 cents at the top and bottom of the range. As a result, we now expect net income and operating earnings per share to be between $4.50 and $4.70. This represents a 9 percent increase at the midpoint of our guidance over 2016,” said Arnold. “We anticipate net income and operating earnings per share for the third quarter of 2017 to be between $1.20 and $1.30.”

(Street sees Q3 EPS of $1.27)

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

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