Eaton Second Quarter Operating Earnings Per Share of $1.16, Above Midpoint of Guidance and Up 5 Percent Over Second Quarter of 2014

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Go back to Eaton Second Quarter Operating Earnings Per Share of $1.16, Above Midpoint of Guidance and Up 5 Percent Over Second Quarter of 2014

Eaton (ETN) Tops Q2 EPS by 3c; Plans Cost Cuts, Trims FY15 EPS Outlook

July 29, 2015 6:31 AM EDT

Eaton (NYSE: ETN) reported Q2 EPS of $1.16, $0.03 better than the analyst estimate of $1.13. Revenue for the quarter came in at $5.37 billion versus the consensus estimate of $5.49 billion.

Alexander M. Cutler, Eaton chairman and chief executive officer, said, Our second quarter operating earnings per share came in above the midpoint of our guidance for the quarter. Operating earnings per share were up 5 percent over the second quarter of 2014, driven by strong operating margin performance and tightly controlled costs, partially offset by a 5 percent negative impact from currency translation. Without the negative currency impact, our... More