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via finance.yahoo.comBusiness & Companies

Eaton jumps about 7% after record quarterly sales and 46% electrical backlog growth

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Eaton (NYSE:ETN), the power management equipment supplier, jumped 6.99% to $391.67 at 10:05 a.m. ET on November 3 as investors welcomed record quarterly sales and a higher organic growth outlook. Electrical backlog climbed 46% from a…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong quarterly results and a higher organic growth outlook for a large industrial group.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Third-quarter sales reached 8.947 billion dollars with 19% organic growth.
  2. 02Adjusted earnings rose to 3.68 dollars per share from 3.07 a year earlier.
  3. 03Electrical backlog climbed 46% from a year earlier.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Eaton Corporation plcETNStock392.15 USD+0.12%today +7.13%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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