Eaton: Q3 Earnings Snapshot
By AP News
Published - Oct 31, 2024, 06:37 AM ET
Last Updated - Dec 16, 2024, 05:48 PM EST
DUBLIN (AP) — DUBLIN (AP) — Eaton Corp. PLC (ETN) on Thursday reported third-quarter net income of $1.01 billion.
On a per-share basis, the Dublin-based company said it had profit of $2.53. Earnings, adjusted for one-time gains and costs, came to $2.84 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.80 per share.
The power management company posted revenue of $6.35 billion in the period, which missed Street forecasts. Eight analysts surveyed by Zacks expected $6.37 billion.
