Eaton Q2 Results Miss Estimates - Quick Facts

(RTTNews) - Diversified industrial manufacturer Eaton Corp Plc (ETN) announced a rise in second-quarter net income attributable to ordinary shareholders to $494 million, from last year's $382 million, while quarterly earnings per share stood at $1.04, lower than $1.12 reported a year back.

For the second quarter of 2013, operating earnings before charges of $39 million to integrate recent acquisitions amounted to $519 million, or $1.09 per share. On average, 23 analysts polled by Thomson Reuters expected earnings per share of $1.11 for the quarter. Analysts' estimates typically exclude one-time items.

Net sales in the recent quarter totaled $5.61 billion, up 38 percent from $4.07 billion in the same period in 2012, while it missed consensus estimates of $5.77 billion.

The company said its quarterly results were driven by the acquisition of Cooper Industries.