— Eaton Corporation plc (NYSE: ETN) reported Q4 2019 earnings of $1.46 per share, vs. $1.40 expected.
— Sales fell 4% to $5.2 billion, vs. $5.34 billion expected.
— Organic sales dropped 4%.
— Electric Products segment sales fell 2% to $1.8 billion.
— Electrical Systems and Services segment sales rose 4% to $1.7 billion.
— Hydraulics segment sales dropped 13% to $565 million.
— Aerospace segment sales were up 3% to $512 million.
— Vehicle segment sales fell 19% to $664 million.
— eMobility segment sales were down 6% to $75 million.
— FY2020 organic revenues are expected to be between down 1% and up 1% versus 2019.
— FY2020 adjusted EPS is expected to be $5.60-5.90.
— Q1 2020 adjusted EPS is expected to be $1.16-1.26.
Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings
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