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Eaton Corp. 4th-quarter net up 28%, sales off 10%
Eaton Corp., the Cleveland manufacturer with interests including electrical parts, hydraulic systems, and vehicle power trains, reported fourth-quarter net income rose 28% on 10% lower sales. Earnings reached $212 million from $165 million in the year-earlier period. Earnings attributable to holders reached $211 million, or $1.25 a share, from $163 million, or 98 cents, in the year-earlier period. Sales fell to $3.13 billion from $3.49 billion. A survey of analysts by FactSet Research produced a consensus estimate of $1.23 a share of profit on $3.05 billion of sales.
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