- Announces Lower Revenue for Third Quarter Than Had Been Expected
- Revised Guidance Range of $0.95 to $1.00 for Third Quarter Operating Earnings Per Share
- Operating Cash Flow Guidance Unchanged, Reflecting Record Third Quarter Cash Flow
Power management company Eaton (NYSE:ETN) will announce third quarter 2015 earnings on Friday, October 30, 2015, before the opening of the New York Stock Exchange. The company will host a conference call at 10 a.m. United States Eastern time that day to discuss third quarter 2015 earnings results with securities analysts and institutional investors.
The conference will be available through a live webcast that can be accessed via the Eaton Third Quarter 2015 Earnings Results link on Eaton’s home page, which is www.eaton.com. The call replay and news release will also be available from this web link.
As the company in mid-September had suggested might be the case, revenues for the third quarter came in below the revenue forecast that had been used to prepare third quarter guidance. In total, revenues were lower by approximately $300 million, of which the shortfall in organic revenues was $240 million. As a result of the lower revenue, operating earnings per share for the third quarter are expected to be between $0.95 and $1.00. In spite of the slightly lower than expected operating earnings per share, operating cash flow in the third quarter came in as expected, achieving a quarterly record. Accordingly, guidance for 2015 operating cash flow remains unchanged.