BUZZ-Eaton shares rise on upbeat 2025 profit forecast

Reuters
31 Jan
BUZZ-Eaton shares rise on upbeat 2025 profit forecast

** Shares of electrical equipment maker Eaton ETN.N up 3% at $337 in premarket trade

** ETN on Friday forecast 2025 adjusted profit above Wall Street estimates, expecting demand for electrical equipment to remain strong due to an artificial intelligence-related data center boom

** Co expects 2025 adjusted profit between $11.80 and $12.20 per share, with the mid-point higher than analysts' estimates of$11.95/shr according to data compiled by LSEG

** ETN Q4 revenue of $6.24 bln came below analyst estimates of $6.33 bln, as per data compiled by LSEG

** 19 of 29 brokerages rate ETN "buy" or higher and 10 "hold"; their median PT is $385 - LSEG data

** In 2024, ETN shares were up 37.8%

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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