Eaton Reports First Quarter Net Income Per Share of $0.91; Adjusted for Tax Charge Associated with Medicare Part D, First Quarter Net Income Per Share Totaled $1.05; Positive Momentum Drives Increase in Full-Year Earnings Guidance Eaton Reports First Quarter Net Income Per Share of $0.91; Adjusted for Tax Charge Associated with Medicare Part D, First Quarter Net Income Per Share Totaled $1.05; Positive Momentum Drives Increase in Full-Year Earnings Guidance

Eaton Reports First Quarter Net Income Per Share of $0.91; Adjusted for Tax Charge Associated with Medicare Part D, First Quarter Net Income Per Share Totaled $1.05; Positive Momentum Drives Increase in Full-Year Earnings Guidance

ENP Newswire 2010, April 21

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Publisher Description

ENPNewswire-21 April 2010-Eaton Reports First Quarter Net Income Per Share of $0.91; Adjusted for Tax Charge Associated with Medicare Part D, First Quarter Net Income Per Share Totaled $1.05; Positive Momentum Drives Increase in Full-Year Earnings Guidance(C)2010 ENPublishing - http://www.enpublishing.co.uk Release date- 20042010 - CLEVELAND ... Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced net income per share of $0.91 for the first quarter of 2010. Adjusting for the non-cash tax charge related to Medicare Part D due to the new U.S. health care law, net income per share was $1.05. This compares to a net loss per share of $0.30 in the first quarter of 2009. Sales in the quarter were $3.1 billion, 10 percent above the same period in 2009. Net income was $155 million compared to a loss of $50 million in 2009.

GENRE
Business & Personal Finance
RELEASED
2010
April 21
LANGUAGE
EN
English
LENGTH
7
Pages
PUBLISHER
Normans Media Ltd.
SELLER
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
78.9
KB

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