Eaton (ETN) Q4 Earnings Beat Estimates on Organic Growth

Eaton Corporation (ETN) reported fourth-quarter 2023 earnings of $2.55 per share, which surpassed the Zacks Consensus Estimate by 3.2%. The bottom line increased 23.8% year over year and beat the guidance of$ 2.39- $2.49 per share.GAAP earnings for the reported quarter were$ 2.35 per share compared with $1.80 in the year-ago quarter. The difference between GAAP and operating earnings for the reported quarter was due to charges of 22 cents for intangible assets amortization, 2 cents for a multi-year restructu ...