UPDATE: Eaton Posts Drop In Q3 Profit
Eaton (NYSE: ETN) reported a drop in its third-quarter net income.
Eaton's quarterly net income fell to $345 million, or $1.02 per share, from $365 million, or $1.07 per share, in the year-ago period.
Its sales declined to $3.95 billion, from $4.12 billion. Its adjusted earnings came in at $1.07 per share. However, analysts were expecting a profit of $1.10 per share on revenue of $4.21 billion.
Eaton shares closed at $45.12 on Friday.
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