Eaton Tops Q2 Consensus, Raises FY23 EPS Outlook
Portfolio Pulse from Lekha Gupta
Eaton Corp PLC (NYSE:ETN) reported Q2 FY23 net sales of $5.87 billion, a 13% Y/Y increase, beating the consensus of $5.74 billion. Adjusted EPS improved 18% Y/Y to $2.21, also beating the consensus of $2.11. The company raised its FY23 EPS outlook to $8.65-$8.85 from $8.30-$8.50. ETN shares are trading higher by 1.60% at $208.60 premarket.
August 01, 2023 | 1:31 pm
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POSITIVE IMPACT
Eaton Corp's Q2 FY23 results beat consensus estimates and the company raised its FY23 EPS outlook. This positive news has led to a premarket increase in ETN shares.
Eaton Corp's better-than-expected Q2 FY23 results and raised FY23 EPS outlook are positive indicators of the company's performance and future prospects. This has likely contributed to the increase in ETN's premarket share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100