Eaton Reports Second Quarter Net Income and Operating Earnings Per Share of $1.15, Up 7 Percent Over Second Quarter of 2016 and at High End of Guidance Range
Eaton Corporation, PLC Ordinary Shares (ETN)
Last eaton corporation, plc ordinary shares earnings: 4/30 06:30 am
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Source: Business Wire
Affirms Midpoint of 2017 Earnings Guidance DUBLIN--(BUSINESS WIRE)-- Power management company Eaton Corporation plc (NYSE:ETN) today announced that net income and operating earnings per share were $1.15 for the second quarter of 2017. Net income per share in the second quarter of 2017 was up 7 percent over the second quarter of 2016. Operating earnings per share, which exclude $1 million of acquisition integration charges in the second quarters of both 2017 and 2016, were also up 7 percent over the second quarter of 2016. Sales in the second quarter of 2017 were $5.1 billion, up 1 percent over the same period in 2016. The sales increase consisted of 2 percent growth in organic sales partially offset by a 1 percent decline from negative currency translation. Craig Arnold, Eaton chairman and chief executive officer, said, “Our second quarter net income and operating earnings per share were
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