Eaton (ETN) Reports In-Line Q3 EPS, Affirms FY Guidance

Eaton (NYSE: ETN) reported Q3 EPS of $1.25, in-line with the analyst estimate of $1.25. Revenue for the quarter came in at $5.21 billion versus the consensus estimate of $5.12 billion.

“For full year 2017, excluding the gain on the Eaton Cummins joint venture, we are affirming the midpoint of our guidance and narrowing our guidance range by 5 cents at the upper and lower ends of the range,” said Arnold. “As a result, we now expect net income and operating earnings per share to be between $4.55 and $4.65. This represents a 9 percent increase at the midpoint of our guidance over 2016. We anticipate net income and operating earnings per share for the fourth quarter of 2017 to be between $1.19 and $1.29.”

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

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