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Eaton Corp PLC Issues Q2 2013 EPS Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 EPS Guidance

Monday, 29 Apr 2013 06:37am EDT 

Eaton Corp PLC announced that it anticipates operating earnings per share (EPS) for the second quarter of 2013, which exclude an estimated $25 million of charges to integrate recent acquisitions, to be between $1.05 and $1.15. There are two primary drivers of the expected increase in second quarter operating earnings per share over the first quarter: first, seasonally higher volumes, since sales in the second quarter are typically 5% to 10% higher, and second, the absence of purchase price inventory expense in the second quarter related to the Cooper Industries acquisition. The Company has maintained guidance for fiscal 2013 operating EPS of between $4.05 and $4.45. Based on the midpoint of guidance, operating EPS to grow 8% in fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $4.35 for fiscal 2013; EPS of $1.12 for the second quarter of 2013. 

Company Quote

0.355 +0.51%
10:36am EDT