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Tuesday, January 27, 2009

Eaton Lowers Revenue Guidance (Part of Warren Buffett Portfolio)

Eaton (Part of Warren Buffett Holdings) Lowers Revenue Guidance and Provides Mixed Earnings Guidance. Eaton Corp. (ETN) expects first quarter results of approximately breakeven with revenue below $3.49 billion and expects 2009 earnings of $4.20 to $5.20 per share on revenue of approximately $14.15 billion. The current consensus estimate is earnings of $0.94 per share on revenue of $3.58 billion for the quarter ending March 31, 2009 and earnings of $4.73 per share on revenue $14.53 billion for the year ending December 31, 2009.
As per Sep 08 shareholding Pattern of Eaton, Warren Buffet's Berkshire Hathaway is holding 2,908,700 shares.

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