Eaton Corp. plc said its first-quarter normalized net income was 64 cents per share, compared with the S&P Capital IQ consensus estimate of 88 cents per share.
EPS climbed 6.6% year over year from 60 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $290.6 million, a gain from $277.9 million in the year-earlier period.
The normalized profit margin rose to 6.0% from 5.8% in the year-earlier period.
Total revenue totaled $4.85 billion, compared with $4.81 billion in the year-earlier period, and total operating expenses came to $4.34 billion, compared with $4.33 billion in the year-earlier period.
Reported net income grew 7.0% year over year to $433.0 million, or 96 cents per share, from $404.6 million, or 88 cents per share.