Eaton Corp. Reveals 15% Retreat In Q1 Bottom Line

(RTTNews) - Eaton Corp. (ETN) reported earnings for first quarter that decreased compared to the same period last year.

The company said its earnings totaled $404 million, or $0.88 per share. This was lower than $473 million, or $1.01 per share, in last year's first quarter.

Analysts had expected the company to earn $0.85 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.9% to $4.81 billion. This was down from $5.22 billion last year.

Eaton Corp. earnings at a glance:

-Earnings (Q1): $404 Mln. vs. $473 Mln. last year. -Earnings Decline (Y-o-Y): -14.6% -EPS (Q1): $0.88 vs. $1.01 last year. -EPS Decline (Y-o-Y): -12.9% -Analysts Estimate: $0.85 -Revenue (Q1): $4.81 Bln vs. $5.22 Bln last year. -Revenue Change (Y-o-Y): -7.9%