Eaton Corp ETN reported its Q2 earnings results on Tuesday, August 2, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Eaton Corp beat estimated earnings by 2.75%, reporting an EPS of $1.87 versus an estimate of $1.82.
Revenue was down $3.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 2.29% increase in the share price the next day.
Here's a look at Eaton Corp's past performance:
|Quarter||Q1 2022||Q4 2021||Q3 2021||Q2 2021|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Eaton Corp management provided guidance for FY 2022, expecting earnings between $7.36 and $7.76 per share.
To track all earnings releases for Eaton Corp visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.