Thursday, November 1, 2012

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.

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