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Eaton Corp
ETN reported better-than-expected quarterly profit on Monday and lifted its full-year outlook.
Eaton's quarterly net earnings climbed 49% y/y to $336 million, or $0.97 per share, from $226 million, or $0.66 per share. Its revenue gained 21% to $4.09 billion. Analysts were expecting earnings of $0.95 per share on revenue of $4.02 billion.
Eaton lifted its 2011 profit projections to a range of $3.90 to $4.10 per share from continuing operations, versus analysts' estimates of $3.92 per share.
Eaton shares fell 0.76% to close at $51.16 on Friday.
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