Eaton Boosts FY24 Outlook - Update

RTTNews | 437 days ago
Stocktwits
Eaton Boosts FY24 Outlook - Update

(RTTNews) - While reporting its financial results for the first quarter on Tuesday, power management company Eaton Corp plc (ETN) provided financial guidance for the second quarter and raised outlook for the full-year 2024.

For the second quarter, the company expects earnings in a range of $2.19 and $2.29 per share and adjusted earnings in a range of $2.52 and $2.62 per share on organic sales growth of 6.5 to 8.5 percent.

On average, eight analysts polled by Thomson Reuters expect the company to report earnings of $2.50 per share for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company now projects earnings in a range of $8.95 and $9.35 per share and adjusted earnings in a range $10.20 to $10.60 per share on organic sales growth of 7 to 9 percent. The Street is looking for earnings of $10.25 per share for the year.

Previously, the company expected adjusted earnings in the range $9.95 to $10.35 per share on organic sales growth of 6.5 to 8.5 percent.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: ETN
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Eaton Completes Acquisition Of 49% Stake In Jiangsu Ryan Electrical

Eaton Completes Acquisition Of 49% Stake In Jiangsu Ryan Electrical

Intelligent power management company Eaton Corp. (ETN) announced Monday it has completed the acquisition of a 49% stake in Jiangsu Ryan Electrical Co. Ltd., a manufacturer of power distribution and sub-transmission transformers in China with revenues of approximately $100 million in 2022.
RTTNews | 809 days ago
Eaton Guides Q1, FY23 Adj. EPS Well Below Estimates - Update

Eaton Guides Q1, FY23 Adj. EPS Well Below Estimates - Update

While reporting its financial results for the fourth quarter on Wednesday, power management company Eaton Corp plc (ETN) provided adjusted earnings guidance for the first quarter and full-year 2023, well below analysts' estimates.
RTTNews | 884 days ago
European Shares Decline As Tariff Worries Return To Haunt

European Shares Decline As Tariff Worries Return To Haunt

European stocks fell on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian imports, starting Aug. 1, in a dramatic escalation of a trade war with the United States' closest ally over the country's alleged role in fentanyl flows.
RTTNews | 11 minutes ago
Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian shares ended mostly lower in cautious trade on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20 percent on most trading partners that haven't got letters yet.
RTTNews | 36 minutes ago
Yen Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 1h 4min ago
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Friday amid increased risk-on mood by the investors, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after U.S. President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
RTTNews | 1h 41min ago
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