Eaton Corp. (ETN) reported a profit for its first quarter that gained ground from last year.
The company said its bottom line rose to $433 million, or $0.96 per share. This was up from $404 million, or $0.88 per share, in last year's first quarter.
Analysts had expected the company to earn $0.88 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 0.8% to $4.85 billion. This was up from $4.81 billion last year.
Eaton Corp. earnings at a glance:
-Earnings (Q1): $433 Mln. vs. $404 Mln. last year.
-Earnings Growth (Y-o-Y): 7.2%
-EPS (Q1): $0.96 vs. $0.88 last year.
-EPS Growth (Y-o-Y): 9.1%
-Analysts Estimate: $0.88
-Revenue (Q1): $4.85 Bln vs. $4.81 Bln last year.
-Revenue Change (Y-o-Y): 0.8%
-Guidance:
Full year EPS guidance: $4.45 - $4.75
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