Eaton Corp (ETN) Stock Drops 8% Despite Record Q3 Earnings Beat

TLDR Eaton Corporation reported Q3 adjusted earnings of $3.07 per share, beating analyst estimates of $3.05 Revenue hit $7 billion, a quarterly record up 10% year-over-year, but missed the $7.07 billion consensus estimate Shares dropped 8.3% following the earnings report despite record segment margins of 25.0% Vehicle segment sales declined 8% to $639 million while [...]

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