CORRECTED-Electrical equipment maker Eaton cuts 2025 profit forecast

Reuters
05-02
CORRECTED-Electrical equipment maker Eaton cuts 2025 profit forecast

Corrects paragraph 1 and headline to remove references to tariffs; also drops tariff-related paragraph 2

May 2 (Reuters) - Power management company Eaton Corp ETN.N trimmed its 2025 profit forecast on Friday, sending its shares down 3% in premarket trading.

Eaton — which makes electrical components for data centers, EV charging, hydraulic motors, valves and pumps — said its new forecast reflects the impact of tariffs on steel and aluminum imports, 125% levy on China and the baseline 10% duty rate on all imports, among others.

It, however, assumes that the 90-day pause on reciprocal tariffs will be maintained throughout the year.

The Ireland-based company expects 2025 profit to be between $10.29 and $10.69 per share, compared with its previous forecast of $10.60 and $11 per share.

Eaton, which counts companies in the aerospace, vehicle, machine building and utility industries among its customers, also lowered its 2025 segment margins forecast to 24%-24.4% from 24.4%-24.8% projected previously.

It reported an adjusted profit per share of $2.72 during the first quarter, compared with analysts' average estimate of $2.71, according to data compiled by LSEG.

Total revenue for the quarter ended March 31 was $6.38 billion, up 7.3% from a year earlier. Analysts estimated $6.26 billion.

(Reporting by Aishwarya Jain in Bengaluru; Editing by Shilpi Majumdar)

((Aishwarya.Jain@thomsonreuters.com))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10