Eaton Reports Fourth Quarter Earnings per Share of $1.46, Up 13 Percent Over the Fourth Quarter of 2017, Excluding 2017 Income Related to the U.S. Tax Bill

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Go back to Eaton Reports Fourth Quarter Earnings per Share of $1.46, Up 13 Percent Over the Fourth Quarter of 2017, Excluding 2017 Income Related to the U.S. Tax Bill

Eaton Corporation (ETN) PT Raised to $74 at RBC Capital

February 1, 2019 6:41 AM EST

RBC Capital analyst Deane Dray raised the price target on Eaton Corporation (NYSE: ETN) to $74.00 (from $73.00) while maintaining a Sector Perform rating.

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Eaton (ETN) Tops Q4 EPS by 3c, Revenues Beat; Offers FY19 EPS Guidance

January 31, 2019 6:34 AM EST

Eaton (NYSE: ETN) reported Q4 EPS of $1.46, $0.03 better than the analyst estimate of $1.43. Revenue for the quarter came in at $5.46 billion versus the consensus estimate of $5.42 billion.

Craig Arnold, Eaton chairman and chief executive officer, said, We had a very strong fourth quarter, with better-than-expected organic revenue growth and margins. Organic growth came in at 7 percent, 1 percent higher than our guidance. Our segment margins in the fourth quarter were 17.4 percent, 20 basis points above the midpoint of our margin guidance and 100 basis points over the fourth quarter of... More