Eaton Reports Fourth Quarter Earnings Per Share of $1.09
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February 6, 2020 8:00 AM EST
Vertical Research Partners analyst Jeffrey Sprague upgraded Eaton Corporation (NYSE: ETN) from Hold to Buy.
For an analyst ratings summary and ratings history on Eaton Corporation click here. For more ratings news on Eaton Corporation click here.
Shares of Eaton Corporation closed at $102.34 yesterday.
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February 4, 2020 6:36 AM EST
Eaton (NYSE: ETN) reported Q4 EPS of $1.46, $0.06 better than the analyst estimate of $1.40. Revenue for the quarter came in at $5.2 billion versus the consensus estimate of $5.34 billion.
Craig Arnold, Eaton chairman and chief executive officer, said, Our earnings per share of $1.46, excluding charges for acquisition and divestiture costs and expected vehicle warranty costs, were at the high end of our guidance despite market growth coming in weaker than our expectations. Segment margins were 16.4 percent, while our segment margins excluding the above charges were 17.8 percent. This is above the high end of our guidance... More
