Eaton (ETN) Q3 revenue $8.9 billion vs $8.59 billion est.; adj. EPS $3.68 vs $3.58 est.; raises guidance
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Eaton (ETN) reported record third-quarter sales of $8.9 billion, up 28% and ahead of the $8.59 billion consensus, with adjusted EPS of $3.68 beating the $3.58 estimate and GAAP EPS of $2.77 after charges tied to intangible amortization and acquisitions. The Dublin-based power management company raised its guidance on the strength of the results. The beat and guidance hike matter as a read on demand for electrical infrastructure and power management equipment. Investors will watch whether the raised outlook holds through year-end and how acquisition-related costs affect reported earnings.
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Eaton Corporation plc, Eaton (ETN)
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