RTTNews | Jul 29, 2020 06:44AM EDT

06:44 Wednesday, July 29, 2020 (RTTNews.com) - Eaton Corp. (ETN) reported earnings for second quarter that dropped from last year.

The company's earnings totaled $51 million, or $0.13 per share. This compares with $636 million, or $1.50 per share, in last year's second quarter.

Excluding items, Eaton Corp. reported adjusted earnings of $279 million or $0.70 per share for the period.

Analysts had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 30.2% to $3.86 billion from $5.53 billion last year.

Eaton Corp. earnings at a glance:

-Earnings (Q2): $279 Mln. vs. $650 Mln. last year.-EPS (Q2): $0.70 vs. $1.53 last year.-Analysts Estimate: $0.53-Revenue (Q2): $3.86 Bln vs. $5.53 Bln last year.

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