July 29 Eaton Corp, a maker of
electrical and hydraulic systems, reported a 3 percent rise in
quarterly sales and said it recorded strong bookings in its
electrical and aerospace businesses.
Eaton's net income attributable to shareholders fell to $171
million, or 36 cents per share, in the second quarter ended June
30, from $494 million, or $1.04 per share, a year earlier.
The latest quarter's net income included charges related to
acquisitions and litigation costs.
Sales rose to $5.77 billion from $5.60 billion. Bookings in
Eaton's electrical products business rose 6 percent, while those
in its aerospace unit increased 9 percent.
(Reporting by Sagarika Jaisinghani in Bangalore; Editing by