Investing.com - Eaton (NYSE:ETN) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.02 on revenue of $5.3B. Analysts polled by Investing.com forecast EPS of $2.01 on revenue of $5.33B. .
For the year, Eaton shares are up 77.56%, outperforming the S&P 500 which is down 18.76% year to date.
Eaton follows other major Industrials sector earnings this month
On Tuesday, October 25, 2022, United Parcel Service reported third quarter EPS of $2.99 on revenue of $24.2B, compared to forecasts of EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies earnings beat analyst's expectations on Tuesday, October 25, 2022, with third quarter EPS of $1.21 on revenue of $17B. Investing.com analysts expected EPS of $1.14 on revenue of $17.31B
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