On Monday, Shares of Eaton Corporation plc (NYSE: ETN) showed the bearish trend with a lower momentum of -0.93% to $77.64. The company traded total volume of 1.310M shares as contrast to its average volume of 2.05M shares. The company has a market value of $33.24B and about 428.07M shares outstanding.

Eaton Corp. PLC (ETN) stated first-quarter earnings of $522.0M. The Dublin-based company said it had net income of $1.23 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.26 per share. The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

The power management company posted revenue of $5.31B in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $5.40B. For the current quarter ending in July, Eaton anticipates its per-share earnings to range from $1.45 to $1.55. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.51. The company anticipates full-year earnings in the range of $5.72 to $6.02 per share.

The Company offered net profit margin of 10.10% while its gross profit margin was 33.00%. ROE was recorded as 13.20% while beta factor was 1.44. The stock, as of recent close, has shown the weekly downbeat performance of -2.12% which was maintained at 13.08% in this year.