New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 18, 2014
16:55 EDTETN, TGIEaton, Triumph Group announce settlement
Power management company Eaton Corporation (ETN) announced Eaton and Triumph Group (TGI) have signed an agreement that completely resolves all litigation issues between them with respect to actions pending in Mississippi and North Carolina. The parties have agreed that Eaton will pay $147.5M as part of the settlement. Other settlement terms are confidential. Eaton filed suit in 2004 in Mississippi against Frisby Aerospace, now a Triumph Group subsidiary known as Triumph Actuation Systems - Clemmons, LLC, alleging trade secret misappropriation. North Carolina-based Frisby Aerospace denied the charges and later filed suit against Eaton in North Carolina and Mississippi, alleging anticompetitive behavior. “We believe it is in the best interests of our shareholders to put this matter behind us,” said Alexander M. Cutler, chairman and CEO of Eaton. “We have been pursuing the return of our information and documents for ten years, and we are pleased the information and documents will be returned as part of the settlement. Both parties are best served by a permanent resolution of the matter.”
News For ETN;TGI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 29, 2015
06:37 EDTETNEaton reports Q2 Electrical Products sales down 3% to $1.8B
Subscribe for More Information
06:36 EDTETNEaton cuts FY15 EPS to $4.40-$4.60 from $4.65-$4.95, consensus $4.74
The company cites lower organic growth forecast and impact of restructuring operations. Of the 6% EPS reduction, 3% is due to the net cost of the restructuring program. Expects FY15 organic revenue growth to be flat and up 1%.
06:35 EDTETNEaton sees Q3 EPS $1.00-$1.10, consensus $1.30
Subscribe for More Information
06:34 EDTETNEaton to take additional actions to reset cost structure to lower activity level
Expects to take charges to implement these actions of $120M in 2H15, with $110M in Q3, $10M in Q4 and $25M in 2016. The restructuring actions will allow us to realize $45M of benefits in 2015 and $125 million of benefits in 2016.
06:33 EDTETNEaton: Q2 revenue down due to weak conditions in most markets
Subscribe for More Information
06:33 EDTETNEaton reports Q2 EPS $1.16, consensus $1.13
Subscribe for More Information
06:11 EDTTGITriumph Group sees FY16 EPS $5.50-$5.75, consensus $5.97
Sees FY16 revenue $3.9B-$4.0B, consensus $4.01B. Sees FY16 cash available for debt reduction, acquisitions and share repurchases $125M-$150M.
06:09 EDTTGITriumph Group reports Q1 EPS ex-items $1.31, consensus $1.34
Subscribe for More Information
July 28, 2015
15:21 EDTETNNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 85c... Altria (MO), consensus 71... General Dynamics (GD), consensus $2.06... Anthem (ANTM), consensus $2.75... Praxair (PX), consensus $1.46... Northrop Grumman (NOC), consensus $2.36... McKesson (MCK), consensus $2.91... Eaton (ETN), consensus $1.13... Humana (HUM), consensus $1.63... Hilton (HLT), consensus 23c... International Paper (IP), consensus 92c... Rockwell Automation (ROK), consensus $1.54... Jarden (JAH), consensus 59c... Quintiles (Q), consensus 70c... Tableau Software (DATA), consensus 4c... Garmin (GRMN), consensus 82c... Vantiv (VNTV), consensus 54c... ADT (ADT), consensus 49c.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use