Eaton beats by $0.01, misses on revs; guides Q2 EPS in-line; slightly raises FY19 EPS guidance (still in-line) to reflect accretion from Ulusoy acquisition (83.99)
- Reports Q1 (Mar) earnings of $1.26 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $1.25; revenues rose 1.0% year/year to $5.3 bln vs the $5.38 bln S&P Capital IQ Consensus. Orders in the first quarter were up 4 percent over the first quarter of 2018, driven by continued growth in both industrial and residential markets in the Americas.
- Co sees Q2 EPS of $1.45-1.55, excluding non-recurring items, vs. $1.50 S&P Capital IQ Consensus.
- Co now sees FY19 EPS of $5.72-6.02, prior $5.00-6.00, excluding non-recurring items, vs. $5.86 S&P Capital IQ Consensus