Eaton Corp Q3 2024 Adj. EPS $2.84 Beats $2.80 Estimate, Sales $6.345B Miss $6.374B Estimate
Portfolio Pulse from Benzinga Newsdesk
Eaton Corp reported Q3 2024 earnings per share of $2.84, surpassing the analyst estimate of $2.80, marking a 14.98% increase from last year. However, sales of $6.345 billion fell short of the $6.374 billion estimate, despite a 7.91% increase from the previous year.
October 31, 2024 | 10:31 am
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Eaton Corp's Q3 2024 earnings per share exceeded expectations, but sales slightly missed estimates. The EPS of $2.84 beat the $2.80 estimate, showing strong profitability growth. However, sales of $6.345 billion were below the $6.374 billion estimate, indicating a slight revenue shortfall.
Eaton Corp's earnings per share exceeded expectations, which is a positive indicator for investors, likely leading to a short-term stock price increase. The slight miss in sales is less significant given the strong EPS performance and year-over-year growth in both earnings and sales.
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IMPORTANCE 80
RELEVANCE 100