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Monday Earnings: Eaton Corp., Kimberly-Clark, Lorillard, Roper Industries
Monday, July 25, 1:56 PM ET

Eaton Corp. (NYSE:ETN) said today second quarter earnings rose to $336 million, or $0.97 per share, from $226 million, or $0.66 per share, last year.

Sales at the diversified manufacturer rose 21%, to $4.09 billion.

Results beat analyst expectations.

Eaton hiked its full-year forecast to adjusted earnings in a range of $3.90 to $4.10 per share, largely ahead of analyst estimates as well.

Also today, paper and consumer products manufacturer Kimberly-Clark (NYSE:KMB) reported a decline in second quarter earnings, to $408 million, or $1.03 per share, from $498 million, or $1.20 per share, last year.

Adjusted earnings of $1.18 per share beat analyst expectations, however.

An 8% increase in net sales, to $5.3 billion, beat analyst forecasts as well.

Also beating analyst forecasts today was tobacco products maker Lorillard (LO), which posted a gain in second quarter earnings, to $291 million, or $2.05 per share, from $263 million, or $1.73 per share, last year.

Revenue excluding excise taxes rose 12%, to $1.16 billion.

And, industrial products designer and manufacturer Roper Industries (NYSE:ROP) said today second quarter earnings rose to $106.3 million, or $1.08 per share, from $71.3 million, or $0.74 per share, last year.

Adjusted earnings of $1.03 per share beat analyst forecasts, as did a 23% increase in revenue, to $700 million.

The company raised its full-year outlook to earnings of $4.20 to $4.30 per share, compared to a prior forecast of $3.97 to $4.12 per share.

For MarketNewsVideo.com, Iím Sayoko Murase.

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Monday Earnings: Eaton Corp., Kimberly-Clark, Lorillard, Roper Industries | Market News Video | Copyright © 2008 - 2018, All Rights Reserved

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