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Stock Market & Financial Investment News

News Breaks
June 6, 2014
06:40 EDTMTOR, ETNEaton trial leverage 'significantly eroded,' says JPMorgan
JPMorgan says Eaton's (ETN) leverage at trial in the company's case against Meritor (MTOR) has been "significantly eroded" after a judge denied its motion to reduce damages. The firm believes a settlement could be reached before the June 23 trial date, and that a resolution of the lawsuit would remove an overhang from the stock. JPMorgan reiterates an Overweight rating on Eaton with an $85 price target.
News For ETN;MTOR From The Last 14 Days
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February 9, 2016
17:04 EDTETNEaton to offer AES' Advancion platform as core of its storage systems
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February 3, 2016
08:04 EDTMTORMeritor cuts FY16 adjusted EPS to $1.65-$1.75 from $1.70-$1.80, consensus $1.72
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08:03 EDTMTORMeritor reports Q1 Commercial Truck & Industrial sales $633M
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08:02 EDTMTORMeritor reports Q1 adjusted EPS 33c, consensus 37c
Reports Q1 revenue $809M, consensus $845.94M. The decrease in sales was driven by the effect of foreign exchange translation in Europe and Brazil and weak economic conditions in South America.
06:41 EDTETNEaton reports Q4 Electrical Products sales $1.7B
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06:40 EDTETNEaton increases three-year restructuring program to $400M
The company announced that it increased its three-year restructuring program, bringing the 2015 through 2017 program to a total cost of $400M, with mature year savings estimated at approximately a similar amount. Expects to continue to deploy the bulk of excess funds to share repurchases, resulting in anticipated repurchases totaling approximately $3B from 2015 through 2018.
06:39 EDTETNEaton sees FY16 operating EPS $4.15-$4.45, consensus $4.24
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06:38 EDTETNEaton sees Q1 operating EPS 80c-90c, consensus 92c
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06:37 EDTETNEaton sees FY16 organic revenue to decline 2%-4%
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06:37 EDTETNEaton reports Q4 organic sales down 4%
06:33 EDTETNEaton reports Q4 operating EPS $1.17, consensus $1.10
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