Eaton Corporation (ETN - Free Report) reported second-quarter 2019 earnings of $1.53 per share, which surpassed the Zacks Consensus Estimate by a penny. The reported earnings were at the higher end of management’s guided range of $1.45-$1.55 per share. Moreover, the bottom line marked a 10% improvement from the year-ago level.
Revenues
Total revenues in the quarter came in at $5,533 million, lagging the Zacks Consensus Estimate of $5,648 million by 2%. However, quarterly revenues were 0.8% higher than the year-ago quarter.
The year-over-year revenue increase, which includes 2.5% organic sales growth, was partially offset by a 1.5% negative impact from currency translation.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Eaton Corporation (ETN - Free Report) reported second-quarter 2019 earnings of $1.53 per share, which surpassed the Zacks Consensus Estimate by a penny. The reported earnings were at the higher end of management’s guided range of $1.45-$1.55 per share. Moreover, the bottom line marked a 10% improvement from the year-ago level.
Revenues
Total revenues in the quarter came in at $5,533 million, lagging the Zacks Consensus Estimate of $5,648 million by 2%. However, quarterly revenues were 0.8% higher than the year-ago quarter.
The year-over-year revenue increase, which includes 2.5% organic sales growth, was partially offset by a 1.5% negative impact from currency translation.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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