Eaton (NYSE:ETN) reported third quarter earnings that matched analyst's expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.43 on revenue of $5.41B. Analysts polled by anticipated EPS of $1.43 on revenue of $5.49B. That compared to EPS of $1.25 on revenue of $5.21B in the same period a year earlier. The company had reported EPS of $1.39 on revenue of $5.49B in the previous quarter.
For the year, Eaton shares are down 10.1%, under-performing the S&P 500 which is down 1.58% year to date.
Eaton follows other major Technology sector earnings this month
On October 24, Microsoft (NASDAQ:MSFT) reported first quarter EPS of $1.14 on revenue of $29.08B, compared to forecasts of EPS of $0.96 on revenue of $27.88B.
Alphabet C (NASDAQ:GOOG) earnings beat analyst's expectations on Thursday, with third quarter EPS of $13.06 on revenue of $33.74B. analysts expected EPS of $10.41 on revenue of $27.32B
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