Eaton Reports First Quarter Net Income and Operating Earnings Per Share of $0.96, Up 9 Percent Over First Quarter of 2016

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Go back to Eaton Reports First Quarter Net Income and Operating Earnings Per Share of $0.96, Up 9 Percent Over First Quarter of 2016

Eaton (ETN) Tops Q1 EPS by 8c; Raises FY Outlook

May 2, 2017 6:32 AM EDT

Eaton (NYSE: ETN) reported Q1 EPS of $0.96, $0.08 better than the analyst estimate of $0.88. Revenue for the quarter came in at $4.8 billion versus the consensus estimate of $4.7 billion.

GUIDANCE:

Eaton sees FY2017 EPS of $4.45-$4.75, versus the consensus of $4.46.

Eaton sees Q2 2017 EPS of $1.05-$1.15, versus the consensus of $1.14.

Craig Arnold, Eaton chairman and chief executive officer, said, Our first quarter net income and operating earnings per share were above the high end of our guidance range. Coming into the... More