Tuesday, July 15, 2008

Eaton profit rises 35 percent

NEW YORK (Reuters) - Diversified manufacturer Eaton Corp (ETN.N) reported higher quarterly profit on Tuesday on strength in its electrical and hydraulic segments, but said the balance of the year will be weaker than it predicted earlier.
Net earnings rose 35 percent to $333 million, or $2.03 per share, compared with $246 million, or $1.64 per share a year earlier. Earnings before acquisition-related charges were $2.10 per share.
(Reporting by Nick Zieminski; Editing by Derek Caney)

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