07:11 AM EDT, 04/30/2024 (MT Newswires) -- Eaton (ETN) reported Q1 adjusted earnings Tuesday of $2.40 per share, up from $1.88 a year earlier.

Analysts polled by Capital IQ expected $2.29.

Net sales for the quarter ended March 31 were $5.94 billion compared with $5.48 billion a year earlier.

Analysts polled by Capital IQ expected $5.90 billion.

The company said it expects Q2 adjusted EPS of $2.52 to $2.62. Analysts polled by Capital IQ expect $2.50.

For the full year, Eaton raised its adjusted EPS outlook to $10.20 to $10.60 from the previous range of $9.95 to $10.35. Analysts polled by Capital IQ expect $10.27.

Eaton shares were 0.7% higher in premarket trading.

Price: 328.90, Change: +2.39, Percent Change: +0.73