WASHINGTON (dpa-AFX) - Eaton Corp. plc (ETN) reported fourth-quarter net income to shareholders of $581 million or $1.23 per share, compared to $479 million or $1.00 per share, prior year. Operating earnings per share was $1.27, for the quarter.
On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $1.20 for the quarter. Analysts' estimates typically exclude special items.
Net sales increased to $5.57 billion from $5.53 billion last year. Analysts expected revenue of $5.59 billion for the quarter.
In 2015, the company anticipates organic revenues will grow between 3 and 4 percent. The company expects the impact of negative foreign exchange to be approximately 4 percent. Eaton expects 2015, operating earnings per share, which exclude an estimated $45 million of charges to integrate recent acquisitions, to be between $4.75 and $5.05 per share. Excluding the sizeable impact from expected negative foreign exchange during 2015, operating earnings per share would be about $0.20 higher, the company noted. Analysts expect the company to report full year earnings per share of $4.97.
For the first quarter, the company expects operating earnings per share, which exclude an estimated $15 million of charges to integrate recent acquisitions, to be between $0.95 and $1.05 per share. Analysts expect the company to report first-quarter earnings per share of $1.10.
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