DUBLIN (AP) -- DUBLIN (AP) -- Eaton Corp. PLC (ETN) on Tuesday reported third-quarter net income of $1.01 billion.
On a per-share basis, the Dublin-based company said it had net income of $2.59. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $3.07 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.06 per share.
The power management company posted revenue of $6.99 billion in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $7.06 billion.
For the current quarter ending in December, Eaton expects its per-share earnings to range from $3.23 to $3.43.
The company expects full-year earnings in the range of $11.97 to $12.17 per share.
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