Eaton Q3 Earnings: Revenue Miss, EPS Beat, Raised Guidance On Continued 'Strong Demand'
Portfolio Pulse from Adam Eckert
Eaton Corp reported Q3 earnings with a revenue miss but an EPS beat. The company raised its full-year earnings guidance due to strong demand and backlog growth. Despite positive results, Eaton's stock was down 5.92% at the time of publication.
October 31, 2024 | 3:12 pm
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Eaton Corp reported Q3 earnings with a slight revenue miss but an EPS beat. The company raised its full-year earnings guidance due to strong demand and backlog growth. Despite these positive results, Eaton's stock was down 5.92% at the time of publication.
Eaton's Q3 results showed a revenue miss but an EPS beat, and the company raised its full-year guidance due to strong demand. However, the stock price dropped by 5.92%, likely due to the revenue miss and market expectations. The raised guidance indicates confidence in future performance, but the immediate market reaction was negative.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100