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Eaton: 4Q Earnings Snapshot

DUBLIN (AP) _ Eaton Corp. PLC (ETN) on Thursday reported fourth-quarter earnings of $631 million.

The Dublin-based company said it had net income of $1.46 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The power management company posted revenue of $5.46 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $5.42 billion.

For the year, the company reported profit of $2.15 billion, or $4.91 per share. Revenue was reported as $21.61 billion.

Eaton expects full-year earnings to be $5.70 to $6 per share.

Eaton shares have increased 6 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 7 percent. The stock has decreased 14 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ETN at https://www.zacks.com/ap/ETN