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

RTTNews | 484 days ago
Stocktwits
Eaton Guides Q1, FY23 Adj. EPS Well Below Estimates - Update

(RTTNews) - 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.

For the first quarter, the company expects adjusted earnings in a range of $1.72 and $1.82 per share on organic sales growth of 7 to 9 percent.

On average, eight analysts polled by Thomson Reuters expect the company to report earnings of $3.10 per share for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects adjusted earnings in a range $8.04 to $8.44 per share on organic sales growth of 7 to 9 percent. The Street is looking for earnings of $12.00 per share for the year.

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

Tags: ETN
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Eaton Boosts FY24 Outlook - Update

Eaton Boosts FY24 Outlook - Update

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.
RTTNews | 37 days ago
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 | 409 days ago
Swiss Market Ends On Bright Note

Swiss Market Ends On Bright Note

The Switzerland market ended on a bright note on Thursday with the mood remaining quite upbeat following the European Central Bank's decision to cut interest rate.
RTTNews | 6h 44min ago
European Stocks Close On Firm Note After ECB Cuts Interest Rate

European Stocks Close On Firm Note After ECB Cuts Interest Rate

European stocks closed on a firm note on Thursday, after the European Central Bank cut interest rate for the first time since September 2019. Expectations of an interest rate cut by the Federal Reserve in September also helped underpin sentiment.
RTTNews | 6h 58min ago
Euro Strengthens After ECB Rate Cut

Euro Strengthens After ECB Rate Cut

The euro firmed against its major counterparts in the New York session on Thursday, as the European Central Bank cut interest rates by 25 basis points as widely expected, but did not provide clues on rate cut path in the future.
RTTNews | 7h 45min ago
Canadian Market Modestly Higher In Cautious Trade

Canadian Market Modestly Higher In Cautious Trade

Canadian shares are turning in a mixed performance on Thursday with investors digesting the rate cut moves by the Bank of Canada and the European Central Bank, in addition to the latest batch of economic data from Canada and the U.S.
RTTNews | 9h 15min ago
Maplebear Board Approves $500 Mln Share Repurchase Program

Maplebear Board Approves $500 Mln Share Repurchase Program

Delivery company Maplebear, Inc. (CART) revealed Thursday in a form 8-K filed with the U.S. Securities and Exchange Commission that its Board of Directors have approved a share repurchase program with authorization to purchase up to an aggregate of $500 million of the Company's common stock. The Share Repurchase Program has no expiration date.
RTTNews | 10h 50min ago
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