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Eaton Corp PLC Issues Q3 2013 EPS Guidance Below Analysts' Estimates; Lowers High End Of Prior FY 2013 EPS Guidance


Friday, 2 Aug 2013 06:30am EDT 

Eaton Corp PLC announced that for third quarter of 2013, it expects operating earnings per share (EPS), which exclude an estimated $64 million of charges to integrate recent acquisitions, to be between $1.05 and $1.15. The Company is reducing the top end of guidance range for fiscal 2013 operating earnings per share by $0.20, reflecting lower expected market growth during 2013, and the Company also narrowing the guidance range. The Company now expect fiscal 2013 operating earnings per share to be between $4.05 and $4.25, a 2% reduction at the midpoint compared to previous guidance range of between $4.05 and $4.45. Based on the $4.15 midpoint of guidance, operating earnings per share in fiscal 2013 will grow 5%. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.22 for third quarter of 2013 and EPS of $4.35 for fiscal 2013. 

Company Quote

77.92
-0.65 -0.83%
21 Jul 2014