February 3, 2015 7:41 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NYSE: ETN) reported better-than-expected earnings for the fourth quarter.The Dublin, Ireland-based company posted quarterly net profit of $581 million, or $1.23 per share, compared to$479 million, or $1.00 per share, in the year-ago period. Excluding items, the company's operating earnings came in at $1.27 per share.Its revenue gained 0.7% to $5.57 billion. However, analysts were expecting earnings of $1.20 per share on revenue of $5.59 billion.Eaton's sales at electrical products business gained 1.7% to $1.82 billion, while hydraulics segment sales slipped 6% to $673 million. Sales at the aerospace segment rose 2% to $456 million, while the vehicle segment sales gained 4% to $965 million.Selling and administrative costs dropped 10%, while research and development expenses shrank 7%.Alexander M. Cutler, Eaton chairman and chief executive officer, said, “We had a strong quarter, posting attractive organic growth, record fourth quarter segment margins of 15.9 percent, and operating earnings per share above the high end of our guidance range. Organic sales growth was 5 percent, the strongest quarter since the fourth quarter of 2011. Partially offsetting the strong organic growth was 3 percent from negative foreign exchange and 1 percent from the divestitures of two aerospace businesses during 2014.”Eaton expects 2015 operating earnings of $4.75 to $5.05 per share, including $0.20 per share in negative impact from foreign exchange.Eaton shares gained 2.08% to close at $64.40 yesterday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.