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.
For the current quarter ending in December, Eaton expects its per-share earnings to range from $2.78 to $2.84.
The company expects full-year earnings in the range of $10.75 to $10.81 per share.
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