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
UK Economy Contracts For Second Straight Month

UK Economy Contracts For Second Straight Month

The UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in meeting her self-imposed borrowing rules. Gross domestic product fell unexpectedly by 0.1 percent in May, following a 0.3 percent drop in April, data from the Office for National Statistics revealed on Friday.
RTTNews | 16 minutes ago
CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment

CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment

French stocks are notably lower on Friday, weighed down by losses in automobile and luxury sectors. The mood in the market is a bit bearish, in line with other major markets in Europe, amid renewed worries about tariffs.
RTTNews | 23 minutes ago
Walmart Recalls 850K Ozark Trail Water Bottles

Walmart Recalls 850K Ozark Trail Water Bottles

Retain giant Walmart Inc. is recalling about 850,000 Ozark Trail 64 oz Stainless Steel Insulated Water Bottles as the lid can suddenly pop off with force, causing injury, according to the U.S. Consumer Product Safety Commission. The recall includes Water Bottles sold under model number 83-662. These silver stainless-steel bottles feature a black one-piece screw-on lid.
RTTNews | 59 minutes 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 | 2h 5min ago
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