DUBLIN (AP) — DUBLIN (AP) — Eaton Corp. PLC (ETN) on Tuesday reported fourth-quarter net income of $1.13 billion.
On a per-share basis, the Dublin-based company said it had net income of $2.91. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to $3.33 per share.
The results matched Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of $3.33 per share.
The power management company posted revenue of $7.06 billion in the period, which did not meet Street forecasts. Ten analysts surveyed by Zacks expected $7.11 billion.
For the year, the company reported profit of $4.09 billion, or $10.45 per share. Revenue was reported as $27.45 billion.
For the current quarter ending in March, Eaton expects its per-share earnings to range from $2.65 to $2.85.
The company expects full-year earnings in the range of $13 to $13.50 per share.
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