Eaton Corp. Q3 Profit Decreases, but beats estimates

(RTTNews) - Eaton Corp. (ETN) released earnings for third quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $607M, or $1.52 per share. This compares with $629M, or $1.57 per share, in last year's third quarter.

Excluding items, Eaton Corp. reported adjusted earnings of $807M or $2.02 per share for the period.

Analysts on average had expected the company to earn $2.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.9% to $5.31 billion from $4.92 billion last year.

Eaton Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $607M. vs. $629M. last year. -EPS (Q3): $1.52 vs. $1.57 last year. -Analyst Estimates: $2.01 -Revenue (Q3): $5.31 Bln vs. $4.92 Bln last year.

-Guidance: Next quarter EPS guidance: $2.00 - $2.10 Full year EPS guidance: $7.51 - $7.61