Eaton (ETN) Misses Q3 EPS by 5c; Increases Cost-Cutting Plans

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Go back to Eaton (ETN) Misses Q3 EPS by 5c; Increases Cost-Cutting Plans

Eaton Reports Third Quarter Operating Earnings Per Share of $0.97, Down 25 Percent from Third Quarter of 2014 on Lower Revenue and Restructuring Charges

October 30, 2015 6:30 AM EDT

Operating Cash Flow a Quarterly Record $973 Million

Midpoint of Full Year Operating Earnings Per Share Guidance Reduced by 6 Percent

Announces Further Restructuring Actions

DUBLIN--(BUSINESS WIRE)-- Power management company Eaton Corporation plc (NYSE: ETN) today announced that operating earnings per share, which exclude charges of $0.01 per share to integrate recent acquisitions, were $0.97 for the third quarter of 2015, down 25 percent from the third quarter of 2014. Sales in the third quarter of 2015 were $5.2 billion, down 9 percent from the same period in 2014. The sales decline consisted of 6 percent from negative currency translation... More