Eaton Corporation (NYSE:ETN) shares are trading lower Tuesday after the company issued soft third quarter and fiscal year 2025 earnings per share and adjusted earnings per share guidance.
What To Know: For the third quarter, the company sees adjusted earnings per share from $3.01 to $3.07, versus the consensus estimate of $3.09. In addition, it sees GAAP earnings per share from $2.58 to $2.64, versus the consensus estimate of $2.89.
Eaton narrowed its fiscal year 2025 adjusted earnings per share guidance from between $11.80 to $12.20 to between $11.97 to $12.17, versus the consensus estimate of $11.97. It also narrowed its GAAP earnings per share guidance from between $10.29 to $10.69 to between $10.41 to $10.61, versus the consensus estimate of $11.10.
The company reported second quarter financial results as well. It reported adjusted earnings per share of $2.95, beating the consensus estimate of $2.92. In addition, it reported sales of $7.03 billion, beating the consensus estimate of $6.90 billion.
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ETN Price Action: At the time of writing, Eaton shares are trading 6.39% lower at $360.42, according to data from Benzinga Pro.
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