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Eaton (ETN) Q2 Earnings Surpass Estimates, 2024 View Raised
ETNEaton(ETN) ZACKS·2024-08-01 18:12

Eaton Corporation (ETN) reported second-quarter 2024 earnings of 2.73pershare,whichsurpassedtheZacksConsensusEstimateby4.62.73 per share, which surpassed the Zacks Consensus Estimate by 4.6%. The bottom line increased 24% year over year and came ahead of the earnings guidance of 2.52-2.62pershare.Theimprovementcanbeattributedtoincreasedprojectactivitytiedtoamulti−yearrestructuringprogramandthecontributionofacquiredassets.GAAPearningsforthereportedquarterwere2.62 per share. The improvement can be attributed to increased project activity tied to a multi-year restructuring program and the contribution of acquired assets. GAAP earnings for the reported quarter were 2.48, up 33% from $1.86 in the year-ago quarter. The difference between ...