Eaton Sales Up 28%; GAAP EPS Rises Just 7%: Rapid Earnings Reaction

Eaton reported strong Q3 sales growth of 28% with record orders across all segments, but GAAP EPS rose only 7% due to acquisition-related debt and amortization charges. While organic sales grew 19% and management raised guidance, net interest expenses nearly tripled to $198 million, limiting profit reaching shareholders. The company expects organic growth to slow in Q4.