Eaton breezes past Q2 expectations, posts strong profit
Full story: https://grafa.com/news/energy-eaton-breezes-past-q2-expectations--posts-strong-profit-490409
Eaton Corp. (NYSE:ETN), the global power management company, announced a robust second quarter, reporting a net income of $982 million.
The results not only showcased the company's strong performance but also topped Wall Street's predictions, signaling a positive outlook for the remainder of the year.
The Dublin-based corporation, known for its electrical components and systems, posted an impressive $2.51 per share in profit.
When adjusted for amortization and M&A-related costs, the earnings per share climbed to $2.95, handily beating the $2.92 per share consensus estimate from 10 analysts surveyed by Zacks Investment Research.
In addition to its solid bottom line, Eaton's top-line performance was equally strong.
The company generated $7.03 billion in revenue, surpassing the $6.93 billion expected by nine analysts surveyed by Zacks.
Looking ahead, Eaton remains optimistic.
For the upcoming third quarter ending in September, the company projects earnings per share to be between $3.01 and $3.07.
Furthermore, it anticipates its full-year earnings to be in the range of $11.97 to $12.17 per share, reinforcing its confidence in sustained growth.
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