03.02.2016 12:32:15
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Eaton Corp. Q4 Income Retreats 10%
(RTTNews) - Eaton Corp. (ETN) announced earnings for fourth quarter that fell compared to the same period last year.
The company said its profit declined to $541 million, or $1.17 per share. This was lower than $602 million, or $1.27 per share, in last year's fourth quarter.
Analysts had expected the company to earn $1.10 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 9.0% to $5.06 billion. This was down from $5.56 billion last year.
Eaton Corp. earnings at a glance:
-Earnings (Q4): $541 Mln. vs. $602 Mln. last year. -Earnings Decline (Y-o-Y): -10.1% -EPS (Q4): $1.17 vs. $1.27 last year. -EPS Decline (Y-o-Y): -7.9% -Analysts Estimate: $1.10 -Revenue (Q4): $5.06 Bln vs. $5.56 Bln last year. -Revenue Change (Y-o-Y): -9.0%
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