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Eaton Corporation Profit Drops by 5%, Revenue Falls 4%; Misses Estimates (ETN)

Electrical systems manufacturer Eaton Corporation ( ETN ) reported a dropped in third quarter profit and revenue on Wednesday, missing analyst expectations.

The Cleveland, Ohio based corporation posted third quarter net income of $345 million, or $1.02 per share, down 5% from $365 million, or $1.07 per share, a year ago. These earnings missed Wall Street analyst expectations by 2 cents per share, according to Thomson Reuters.

Revenue for ETN fell 4% to $3.95 billion.

Eaton Corp shares were down 54 cents, or -1.20%, in premarket trading on Wednesday.

Eaton Corporation ( ETN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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