Eaton Corp. (ETN) revealed a profit for fourth quarter that decreased compared to the same period last year.
The company said its earnings totaled $505 million, or $1.12 per share. This was lower than $541 million, or $1.17 per share, in last year's fourth quarter.
Analysts had expected the company to earn $1.10 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 3.8% to $4.87 billion. This was down from $5.06 billion last year.
Eaton Corp. earnings at a glance:
-Earnings (Q4): $505 Mln. vs. $541 Mln. last year.
-Earnings Decline (Y-o-Y): -6.7%
-EPS (Q4): $1.12 vs. $1.17 last year.
-EPS Decline (Y-o-Y): -4.3%
-Analysts Estimate: $1.10
-Revenue (Q4): $4.87 Bln vs. $5.06 Bln last year.
-Revenue Change (Y-o-Y): -3.8%
-Guidance:
Next quarter EPS guidance: $0.80 - $0.90
Full year EPS guidance: $4.30 - $4.60
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