U.S. manufacturer Eaton Corp said fourth-quarter net profit fell more than Wall Street expected, reflecting lower demand for its electrical and hydraulic systems used in cars, trucks and aircraft.The company said on Tuesday that earnings dropped to $179 million, or 46 cents per share, from $362 million, or $1.07 per share, a year earlier.Factoring out costs related to its acquisition of Cooper Industries, Eaton earned 82 cents a share, below analysts' average target of 93 cents per share, according to Thomson Reuters I/B/E/S.Its shares fell 2 percent to $55.25 in premarket trading.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $30.40. In the past year, the shares have traded as low as $26.20 and as high as $31.18. On average, 770824 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.59% or $-0.49/share to $30.36. In the past year, the shares have traded as low as $26.47 and as high as $31.22. On average, 856405 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 0.
Source
