Investing.com - Eaton (NYSE:ETN) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.52 on revenue of $5.31B. Analysts polled by Investing.com anticipated EPS of $1.51 on revenue of $5.51B. That compared to EPS of $1.43 on revenue of $5.41B in the same period a year earlier. The company had reported EPS of $1.53 on revenue of $5.53B in the previous quarter.
For the year, Eaton shares are up 27.03%, outperforming the S&P 500 which is up 22.71% year to date.
Eaton follows other major Technology sector earnings this month
On Wednesday, October 23, 2019, Microsoft reported first quarter EPS of $1.38 on revenue of $33.06B, compared to forecasts of EPS of $1.25 on revenue of $32.15B.
Alphabet C earnings missed analyst's expectations on Monday, with third quarter EPS of $10.12 on revenue of $40.5B. Investing.com analysts expected EPS of $12.28 on revenue of $40.3B
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