Investing.com - Eaton (NYSE:ETN) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.26 on revenue of $5.31B. Analysts polled by Investing.com anticipated EPS of $1.25 on revenue of $5.37B. That compared to EPS of $1.1 on revenue of $5.25B in the same period a year earlier. The company had reported EPS of $1.46 on revenue of $5.46B in the previous quarter.
For the year, Eaton shares are up 22.33%, outperforming the S&P 500 which is up 18.82% year to date.
Eaton follows other major Technology sector earnings this month
On Wednesday, April 24, 2019, Microsoft reported third quarter EPS of $1.14 on revenue of $30.57B, compared to forecasts of EPS of $1 on revenue of $29.88B.
Facebook earnings missed analyst's expectations on Wednesday, April 24, 2019, with first quarter EPS of $0.85 on revenue of $15.08B. Investing.com analysts expected EPS of $1.62 on revenue of $14.98B
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