Investing.com - Eaton (NYSE:ETN) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.53 on revenue of $5.53B. Analysts polled by Investing.com anticipated EPS of $1.51 on revenue of $5.64B. That compared to EPS of $1.39 on revenue of $5.49B in the same period a year earlier. The company had reported EPS of $1.26 on revenue of $5.31B in the previous quarter.
For the year, Eaton shares are up 18.05%, under-performing the S&P 500 which is up 21.96% year to date.
Eaton follows other major Technology sector earnings this month
On Thursday, July 18, 2019, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Alphabet A earnings beat analyst's expectations on Thursday, with second quarter EPS of $14.21 on revenue of $38.94B. Investing.com analysts expected EPS of $11.1 on revenue of $38.15B
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