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Stock Market & Financial Investment News

News Breaks
February 6, 2013
08:04 EDTETNEaton CEO disputes China's economic growth rate for 2012, Bloomberg reports
Eaton Corp. (ETN) CEO Sandy Cutler says that China’s official 7.8% economic growth for 2012 may have overstated expansion by twice the real rate, and is only now headed for a “legitimate” 8% gain, reports Bloomberg. He noted that based on indicators such as consumer consumption and electric power usage, China’s gross domestic product probably grew 3% to 4% last year.Reference Link
News For ETN From The Last 14 Days
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October 29, 2014
09:19 EDTETNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Goodyear Tire (GT), up 10%... Electronic Arts (EA), up 3.7%... ZELTIQ (ZLTQ), up 9%... Eaton (ETN), up 2.3%... Anadarko (APC), up 2%... U.S. Steel (X), up 7.7%... IAC (IACI), up 3.6%. ALSO HIGHER: Fiat Chrysler (FCAU), up 12% after reporting quarterly results, announcing plan to spin off Ferrari... Cara Therapeutics (CARA), up 17.8% after HAL trial of IV formulation of CR845 met primary endpoint... Jamba (JMBA), up 4% after upgraded at Wedbush. DOWN AFTER EARNINGS: Facebook (FB), down 5.7%... Gilead (GILD), down 3.2%... Ralph Lauren (RL), down 2.3%... SodaStream (SODA), down 3%... Garmin (GRMN), down 5%... Applied Micro Circuits (AMCC), down 9.9%... STMicroelectronics (STM), down 10%... Ballard Power (BLDP), down 8.7%... Hershey (HSY), down 3.3%... Deutsche Bank (DB), down 2.3%... McKesson (MCK), down 2%. ALSO LOWER: Sanofi (SNY), down 5.7% after downgraded at various firms including Barclays and BofA/Merrill after the company's board removed Christopher Viehbacher as CEO... InvenSense (INVN), down 22%, downgraded at Pacific Crest, Northland and Piper Jaffray following the company's Q2 earnings results... CareTrust REIT (CTRE), down 3.6% after acquiring Cross Healthcare Seniors housing portfolio... Orbital (ORB), down 16% after Orb-3 launch mishap... American Realty (ARCP), down 22% after announcing resignations of CFO, CAO.
06:36 EDTETNEaton reports Q3 Electrical Products sales up 3% to $1.9B
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06:35 EDTETNEaton sees FY14 EPS $4.55-$4.65, consensus $4.54
Strong productivity growth and tight expense control are offsetting the impact of negative foreign exchange and lower market growth.
06:34 EDTETNEaton sees Q4 EPS $1.15-$1.25, consensus $1.18
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06:34 EDTETNEaton expects markets in 2014 likely to grow 2%, down from prior estimate of 3%
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06:33 EDTETNEaton reports Q3 EPS excl. items $1.29, consensus $1.23
Reports Q3 revenue $5.73B, consensus $5.80B
October 28, 2014
15:44 EDTETNNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Southern Company (SO), consensus $1.07; Phillips 66 (PSX), consensus $1.75; Automatic Data Processing (ADP), consensus 60c; Praxair (PX), consensus $1.63; WellPoint (WLP), consensus $2.27; Exelon (EXC), consensus 73c; Eaton (ETN), consensus $1.23; Hess (HES), consensus $1.08; TE Connectivity (TEL), consensus $1.00; McGraw Hill Financial (MHFI), consensus 94c; Waste Management (WM), consensus 68c; Hershey (HSY), consensus $1.08; Ralph Lauren (RL), consensus $2.06; Wisconsin Energy (WEC), consensus 53c; Garmin (GRMN), consensus 71c; Sealed Air (SEE), consensus 46c; DENTSPLY (XRAY), consensus 60c; Goodyear Tire (GT), consensus 70c; Revlon (REV), one estimate 45c; Booz Allen (BAH), consensus 41c; Carlyle Group (CG), consensus 54c.
October 23, 2014
18:34 EDTETNEaton contracted to provide MGM Resorts with power management solutions
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October 20, 2014
07:22 EDTETNSolar Energy Trade Shows to hold a conference
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