By Matt Grossman
Eaton Corp. PLC on Tuesday raised its full-year guidance after posting a larger year-over-year profit in the first quarter.
The Ireland-based power-components company said it now expects full-year adjusted earnings of $5.90 a share to $6.30 a share. In February, the company had guided for a full-year adjusted profit of $5.40 a share to $5.80 a share.
Eaton also guided for adjusted earnings of $1.45 a share to $1.55 a share in the second quarter.
Analysts surveyed by FactSet had been forecasting full-year earnings of $5.71 a share and second-quarter earnings of $1.24 a share.
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(END) Dow Jones Newswires