Oct 31 (Reuters) - Power management company Eaton

missed Wall Street expectations for third-quarter

revenue but marginally beat profit estimates on Thursday, with

slow residential construction offsetting strong sales of its

industrial equipment.

The worldwide proliferation of data centers, spurred by

businesses adopting artificial intelligence technologies, has

benefited Eaton, which manufactures electrical components for

these facilities.

However, sales for the Dublin, Ireland-based company's

industrial and construction components have been hurt by

builders hesitant to break new ground on housing projects due to

a rising supply of new homes on the market.

"We're confident in our ability to close the year strong

with raised earnings guidance and expect this positive momentum

to continue into 2025," Eaton CEO Craig Arnold said.

The company now expects its full-year adjusted earnings per

share to be in the range of $10.75 and $10.81 per share, above

Wall Street estimates of $10.67 per share.

Total revenue for the third quarter was $6.35 billion,

slightly below analysts' average expectations of $6.37 billion,

according to data compiled by LSEG.

Eaton reported an adjusted quarterly profit of $2.84 per

share, compared with analysts' estimates of $2.80 per share.

For the fourth quarter, the company anticipates adjusted

earnings per share to be between $2.78 and $2.84, with the

midpoint aligning with analysts' estimates of $2.81.