UPDATE: Eaton Posts Rise In Q4 Earnings

Eaton Corp PLC ETN reported a rise in its fourth-quarter earnings. Eaton's quarterly profit surged to $479 million, or $1 per share, from a year-ago profit of $179 million, or $0.46 per share. Excluding one-time items, its operating earnings climbed to $1.08 per share from $0.82 per share. Eaton in October expected operating earnings of $1 to $1.10 per share. Its sales gained 28% to $5.53 billion, versus estimates of $5.55 billion. Eaton expects Q1 operating earnings of $0.95 to $1.05 per share. Eaton shares fell 0.46% to $69.95 in pre-market trading.