Eaton Corp Q3 EPS $2.47 Beats $2.34 Estimate, Sales $5.88B Miss $5.89B Estimate
Portfolio Pulse from Benzinga Newsdesk
Eaton Corp (NYSE:ETN) reported Q3 earnings of $2.47 per share, beating the analyst consensus estimate of $2.34 by 5.56%. This is a 22.28% increase from the same period last year. However, the company's quarterly sales of $5.88 billion missed the analyst consensus estimate of $5.89 billion by 0.17%, but still represents a 10.67% increase from last year.
October 31, 2023 | 10:31 am
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Eaton Corp's Q3 earnings beat estimates but sales slightly missed expectations. This mixed result may lead to uncertain short-term price movements.
Eaton Corp's earnings beat estimates, which is a positive signal for investors and could drive the stock price up. However, the slight miss on sales could counteract this positive effect and create uncertainty in the short-term price direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100