Why Eaton Corporation Shares Are Moving After Q2 Results
Portfolio Pulse from Henry Khederian
Eaton Corporation PLC (NYSE:ETN) shares fell by 2.9% to $295.98 after reporting Q2 2024 results. Despite beating EPS and sales estimates, the stock declined. Eaton raised its full-year guidance, citing strong demand and increased backlog.
August 01, 2024 | 8:00 pm
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Eaton Corporation's shares fell by 2.9% to $295.98 after reporting Q2 2024 results. The company exceeded EPS and sales estimates and raised its full-year guidance, but the stock still declined.
Despite Eaton Corporation exceeding EPS and sales estimates and raising its full-year guidance, the stock price fell by 2.9%. This suggests that investors may have had higher expectations or concerns about other aspects of the report.
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IMPORTANCE 80
RELEVANCE 100