DUBLIN (AP) — DUBLIN (AP) — Eaton Corp. PLC (ETN) on Tuesday reported third-quarter net income of $891 million.
On a per-share basis, the Dublin-based company said it had net income of $2.22. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to $2.47 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.
The power management company posted revenue of $5.88 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $5.89 billion.
For the current quarter ending in December, Eaton expects its per-share earnings to range from $2.39 to $2.49. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.06.
The company expects full-year earnings in the range of $8.95 to $9.05 per share.
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