Eaton Corporation PLC Ordinary Shares (ETN) Releases Earnings Results, Beats Expectations By $0.03 EPS

Eaton Corporation PLC Ordinary Shares (ETN) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $0.88 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.85. The company posted revenue of $4813.00 million in the period, compared to analysts expectations of $4777.55 million. The company’s revenue was down -7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS.

Many Wall Street Analysts have commented on Eaton Corporation PLC Ordinary Shares. Eaton Corporation PLC Ordinary Shares was Downgraded by Longbow to ” Neutral” on Apr 4, 2016. Eaton Corporation PLC Ordinary Shares was Downgraded by Standpoint Research to ” Hold” on Feb 17, 2016. Company shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 57 from a previous price target of $56 .

Eaton Corporation PLC Ordinary Shares opened for trading at $63.33 and hit $63.91 on the upside on Wednesday, eventually ending the session at $63.83, with a gain of 0.92% or 0.58 points. The heightened volatility saw the trading volume jump to 18,30,044 shares. Company has a market cap of $29,292 M.

In a different news, on Feb 23, 2016, Cynthia K Brabander (officer ) purchased 810 shares at $57.50 per share price. According to the SEC, on Dec 16, 2015, Deborah L Mccoy (director) sold 7,296 shares at $50.38 per share price. On Dec 16, 2015, Gregory R Page (director) purchased 1,000 shares at $50.39 per share price, according to the Form-4 filing with the securities and exchange commission.

Eaton Corporation PLC Ordinary Shares

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