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Eaton revenue rises 28% to $8.9 billion

Eaton revenue rises 28% to $8.9 billion Image: Primary
Eaton reported third-quarter revenue of $8.9 billion, up 28% from a year earlier, supported by demand across its electrical and aerospace businesses. The power management company posted adjusted earnings of $3.68 per share, exceeding analysts' $3.54 consensus estimate. Organic sales grew 19%, above the upper end of management's previous guidance. Acquisitions contributed 8 percentage points to reported revenue growth. Segment operating margins reached 25.3%, exceeding both the upper end of guidance and the prior-year figure by 30 basis points.
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Yahoo Finance
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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