Eaton Corporation PLC reported its third-quarter earnings for 2024, revealing earnings per share (EPS) of $2.53, a 14% increase compared to the previous year, and a record adjusted EPS of $2.84, which surpassed expectations of $2.80. The company also achieved record segment margins of 24.3%, up 70 basis points from Q3 2023. However, Eaton's revenue for the quarter was $6.35 billion, slightly below the anticipated $6.37 billion, leading to a pre-market decline of 4.1% in its stock. Eaton raised its full-year 2024 guidance for adjusted EPS to a range between $10.75 and $10.81, indicating an 18% growth from the prior year and a $0.63 increase from its original forecast.