Categories Earnings, Other Industries

Eaton Corp. (NYSE: ETN): Q3 2019 Earnings Snapshot

– Power management company Eaton Corp. (NYSE: ETN) reported adjusted earnings of $1.52 per share for the third quarter, vs. $1.51 per share expected.

— Net income rose to $601 million or $1.44 per share from $416 million or $0.96 per share last year

– Net sales were $5.3 million, down 2 percent from the third quarter of 2018

– Lowered midpoint of full-Year 2019 adjusted earnings per share guidance to $5.72, to reflect market headwinds

— Full-year operating cash flow now expected to be between $3.4 billion and $3.6 billion, around $100 million above the prior guidance

– Eaton shares closed the last trading session up 1.8%

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