Eaton Reports Strong Q1 Results But Stock Falls on Cautious Guidance
Eaton (ETN) reported Q1 revenue of $7.45 billion, a 17% increase year-over-year, surpassing Wall Street estimates. However, the stock fell as much as 8.1% after management maintained its full-year revenue guidance, disappointing investors. The stock recovered to a 3.4% decline by midday.
Tickers: $ETN
Topics: Earnings Guidance Investor Sentiment Revenue Growth Stock Price Reaction