Investopedia: Investors Were Ready Fro A Tough Quarter From Eaton
If there's a benefit to reporting earnings
later in the cycle, it may be in that investors have time to adjust
their expectations as other companies report. That would seem to be the
case for Eaton (NYSE:ETN), as the market's reaction to a small quarterly miss and lower guidance
has gone along the lines of "well, it could have been worse. While it's
going to take time for Eaton to get on a better track (probably not
until the second half of 2013) and valuation is not that compelling today, investors should still keep an eye on this quality diversified industrial.