Eaton Corp profit falls on weak demand, deal costs
Feb 5 (Reuters) - U.S. manufacturer Eaton Corp said fourth-quarter net profit had fallen by about half, reflecting lower demand for its electrical and hydraulic systems used in cars, trucks and aircraft, as well as costs from its acquisition of Cooper Industries.
The company said on Tuesday that earnings came to $179 million, or 46 cents per share, down from $362 million, or $1.07 per share, a year earlier.
- Abbas-led Palestinian body backs Hamas truce demands in Gaza |
- UPDATE 4-Train carrying MH17 bodies reaches government-held Ukrainian city
- Rebels likely downed Malaysian jet 'by mistake': U.S. officials
- Islamic State crushes and coerces on march towards Baghdad
- Microsoft sees end to Nokia losses, shares rise after hours