Eaton Corp. Q3 Profit Increases, Beats Estimates

(RTTNews) - Eaton Corp. (ETN) released a profit for its third quarter that Increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $1.010 billion, or $2.60 per share. This compares with $1.009 billion, or $2.54 per share, last year.

Excluding items, Eaton Corp. reported adjusted earnings of $1.199 billion or $3.07 per share for the period.

Analysts on average had expected the company to earn $3.05 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.1% to $6.988 billion from $6.345 billion last year.

Eaton Corp. earnings at a glance (GAAP) :

-Earnings: $1.010 Bln. vs. $1.009 Bln. last year. -EPS: $2.60 vs. $2.54 last year. -Revenue: $6.988 Bln vs. $6.345 Bln last year.

-Guidance: Next quarter EPS guidance: $3.23 - $3.43 Full year EPS guidance: $11.97 - $12.17