Eaton Corp Q1 2024 Adj EPS $2.40 Beats $2.29 Estimate, Sales $5.940B Beat $5.905B Estimate
Portfolio Pulse from Benzinga Newsdesk
Eaton Corp (NYSE:ETN) reported Q1 2024 adjusted EPS of $2.40, surpassing the $2.29 estimate, and sales of $5.940B, exceeding the $5.905B estimate. This represents a 27.66% increase in earnings and an 8.33% increase in sales compared to the same period last year.
April 30, 2024 | 10:30 am
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Eaton Corp reported a significant beat on both earnings and sales estimates for Q1 2024, with adjusted EPS at $2.40 and sales of $5.940B.
Eaton Corp's earnings and sales beat are likely to positively impact investor sentiment and stock price in the short term. The significant year-over-year growth in both earnings and sales indicates strong operational performance and efficiency, which could lead to increased investor confidence and potential stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100