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Eaton (ETN) Q1 Earnings Beat Estimates, 2024 View Raised
ETNEaton(ETN) Zacks Investment Research·2024-04-30 17:16

Eaton Corporation (ETN) reported first-quarter 2024 earnings of 2.40pershare,whichsurpassedtheZacksConsensusEstimateby5.32.40 per share, which surpassed the Zacks Consensus Estimate by 5.3%. The bottom line increased 27.7% year over year and beat the earnings guidance of 2.21-2.31pershare.Theimprovementwasduetoincreasedprojectactivitytiedtomegatrends,reindustrializationandinfrastructurespending.GAAPearningsforthereportedquarterwere2.31 per share. The improvement was due to increased project activity tied to megatrends, reindustrialization and infrastructure spending.GAAP earnings for the reported quarter were 2.04, up 28.3% from $1.59 reported in the year-ago quarter. The difference between GAAP and operating earn ...